Here’s why Capitec and others were fined millions by the Prudential Authority
“The PA imposed a caution not to repeat the conduct that led to the non-compliance and a financial penalty of R5 million, of which R500 000 is conditionally suspended for a period of 36 months.”“The PA imposed a caution not to repeat the conduct that led to the non-compliance and a financial penalty of R5 million, of which R1 million is conditionally suspended for a period of 36 months.”For this failure, the PA imposed a caution not to repeat the conduct that led to the non-compliance and a financial penalty of R5 million, of which R1 million is conditionally suspended for 36 months.
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