African Bank
Banks to stop using garnishee orders

Business & Finance

I received a garnishee order from African Bank, according to my knowledge the leading retail banks signed an agreement with National Treasury undertaking to stop using garnishee orders against credit defaulters, with immediate effect. The agreement was reached between representatives of the major retail banks, the Banking Association of South Africa (Basa) and Treasury. I would like to find out from African Bank how is it possible that they do not fall under Basa members.


Company: African Bank
Country: South Africa
City: Head Office
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