Khanyi Mbau Defends Capitec Bank
Khanyi Mbau Defends Capitec Bank. There has been allegations that Capitec Bank has engaged in reckless lending‚ as revealed in a report by research company Viceroy. Although many wants the Bank to be investigated thoroughly, Khanyi Mbau is singing a different tune.The media personality is singing praises of the bank, and wants people to back off.
Uhm! Pple!!!!! Capitec is growing 🙄and growth is threatening. 😜They have reshaped the South African banking industry and the tallest trees catch the most wind. 😎viceroy #HandsOffCapitec #Handsoffmybank🧐
— KHANYI MBAU (@MbauReloaded) February 1, 2018
Viceroy stated that it had legal documents showing that Capitec had approved loans to delinquent customers in order to repay existing loans. These documents also show Capitec engaging in reckless lending practices as defined by South Africa’s National Credit Act‚ the report said.
