Tag Archives: IMF

Is my money safe in a South African Bank?

It feels so far-fetched to imagine working so very hard to put savings away in prudence – only to go to your Bank to find out that they have gone bust or that a minimum withdrawal is allowed. One should not imagine too long, for such scenarios have happened before and I believe will have again. I believe that most people will remember one of South African’s largest unsecured lender, African Bank which collapsed in 2014 or of recent when the people of Greece was only allowed to withdraw sixty Euros a day.

Read more