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

Surge in Fake Traffic Fine SMSes Prompts Warning from Fines SA.

GUEST: Barry Berman, CEO of Fines SA A growing wave of fake traffic fine SMSes is leaving South African motorists anxious, out of pocket, and still liable for legitimate fines. Barry Berman, CEO of Fines SA, unpacks the latest scam tactics being used by fraudsters who send urgent-looking messages claiming…
18 Dec 3PM 9 min

Crypto in 2025: The Year in Review.

GUEST: Christo de Wit, Country Manager at Luno As 2025 draws to a close, the cryptocurrency industry is no longer asking whether it belongs in mainstream finance, but how deeply it is already embedded. This year marked a decisive shift as digital assets moved from the fringes into the financial…
18 Dec 3PM 9 min

EKASINOMICS - How WASAA Is Reshaping South Africa’s Petrochemicals Sector

GUEST: Nokwanele Qonde – Founder & Managing Director, WASAA Group From LPG and logistics to chemicals, commodities and large-scale infrastructure, WASAA is quietly building one of South Africa’s most compelling black industrial success stories. In this conversation we unpack how a black-women owned petrochemicals company is driving growth through diversification…
17 Dec 2PM 26 min

Inflation Eases, But the Grocery Bill Tells a Different Story

GUEST: Johann Els – Old Mutual Group Chief Economist. South Africa’s inflation story is showing signs of relief but it’s not all good news for households. Headline consumer inflation slowed to 3.5% in November, its lowest reading in months, helped by falling fuel prices and a sharp drop in used…
17 Dec 2PM 27 min