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Standard Bank

SA bank threatens to seize Willard Katsande’s R2 million house

Former Zimbabwe Warriors skipper Willard Katsande is reportedly on the verge of losing his luxury R2 million house after failing to pay the monthly instalments due. A report by the Daily Sun says attempts to repossess the house by SB Guarantee Company a subsidiary company of Standard Bank comes after Katsande is alleged to have failed to “make regular payments in terms of the loan agreement and the bond.”

Speaking on the issue Katsande told the Daily Sun: “There was a technical problem with the app that led me to pay one bond twice and not pay the other. What happened is that I was paying one bond double.

“I made the first payment at the end of January and paid some money towards the arrears. I think everything is sorted,” he said.

Standard Bank suspends Chris Hart over ‘racist’ tweet

By Fadia Salie In a day in which the penny dropped on racism in South Africa with the Penny Sparrow “monkey” scandal gripping the country, Standard Bank dropped another bomb to announce the suspension of economist Chris Hart following a racist tweet on Sunday. Standard Bank said in a statement posted on its website that the […]

Mugabe regime in U-turn on foreign banks

Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the finance minister said on Wednesday, signalling a pause in President Robert Mugabe’s black economic empowerment drive.