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African Bank and credit cards

Cape Town - A few Fin24 users wrote with queries about how the African Bank curatorship is impacting the credit cards they have with the bank.

READ: Rescue plan for African Bank


Fin24 asked the curator, Tom Winterboer of PwC, for feedback.

Fin24 user Dee took a credit card with a maximum of R10 000 from African Bank.

The contract that he signed stipulates that payment will be deducted via debit order.

Fin24 user Tselane has a revolving credit card with African Bank and wants to know if it will remain like that or if it will be changed.

The curator responded that, regardless of the curatorship, the cards will be fully operative.

ALSO READ: Latest on restructuring of African Bank

- Fin24

Disclaimer: All articles and letters published on MyFin24 have been independently written by members of the Fin24 community. The views of users published on Fin24 are therefore their own and do not necessarily represent those of Fin24.

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