2023 marked the highest number of banking complaints ever – Banking Ombud

Loading player...
GUEST – Nerosha Maseti, Lead Ombud for the Banking Division at the National Financial Ombud Scheme

Highlighting a few key statistics;
The formal cases reported, increased by 12% to 8 521and referrals (now called premature complaints) increased by 11% to 13 373.
The total record number of cases opened by the OBS totalled 21 641, an increase on the 2022 figures of 11%.
The number of cases closed by the OBS in 2023 increased by 6% from 2022, with a total of R25 735 594,17 being recovered for consumers in the year under review.
22 Jul 2024 2PM English South Africa Business News · Investing

Other recent episodes

SA’s Draft AI Policy: The Cost of Getting It Wrong

Free SA spokesperson Gideon Joubert discusses the organization's concerns about South Africa’s Draft National AI Policy—including expanded bureaucracy, duplicated institutions, and barriers for startups.
21 Apr 4PM 5 min

Legal AI Time Bombs

Pinsent Masons’ Geoffrey Allsop explains why employers are already legally liable for AI‑driven decisions under South African law. We explore discrimination risks from foreign‑trained models and what the Draft AI Policy signals for workplace regulation.
21 Apr 4PM 9 min

Understanding SA’s Draft AI Policy

Werksmans’ Ahmore Burger‑Smidt unpacks South Africa’s Draft National AI Policy. This includes the proposed new AI institutions, privacy blind spots, and the implications for business.
21 Apr 4PM 21 min