Wendy Knowler is arguably South Africa’s most experienced consumer journalist. She’s helped more consumers over her 20 year career in consumer journalism than she could count. But while known as a champion of consumer rights, Wendy is also known and respected by corporates for her fair, accurate and balanced reporting. Want to be a more sussed consumer or corporate? Listen to Wendy's episodes here.
All content for ECR Consumerwatch is the property of East Coast Radio - Catch Up and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Wendy Knowler is arguably South Africa’s most experienced consumer journalist. She’s helped more consumers over her 20 year career in consumer journalism than she could count. But while known as a champion of consumer rights, Wendy is also known and respected by corporates for her fair, accurate and balanced reporting. Want to be a more sussed consumer or corporate? Listen to Wendy's episodes here.
Scammers using Capitec bank accounts as so-called business accounts
ECR Consumerwatch
6 minutes 12 seconds
4 years ago
Scammers using Capitec bank accounts as so-called business accounts
Fraudster pay so-called money mules to open bank accounts, and when the victims’ money lands in that new account, they transfer it to the fraudster, thereby ensuring that the fraudster remains untraceable.
“Capitec does not currently offer business accounts, therefore people should not believe a business that states it has one,” the bank said.
"Should consumers fall victim to fraud – or even if they don’t fall victim to the attempt – it is important to contact the bank to report the incident.”
Capitec’s 24-hour call centre on 0860 10 20 43.
It’s the same story with African Bank - the bank only has personal accounts, not business ones.
Take a listen to how to avoid this scam.
ECR Consumerwatch
Wendy Knowler is arguably South Africa’s most experienced consumer journalist. She’s helped more consumers over her 20 year career in consumer journalism than she could count. But while known as a champion of consumer rights, Wendy is also known and respected by corporates for her fair, accurate and balanced reporting. Want to be a more sussed consumer or corporate? Listen to Wendy's episodes here.
