BANK REJECTS CLAIMS
FIRST National Bank (FNB) could face a lawsuit of R50 million for allegedly discriminating against its black customers by charging them too high interest rates on Saambou home loans.
This was after financial investigator Emerald van Zyl threatened a lawsuit against the bank for allegedly discriminating and failing to apologise to its black clients for charging them too high interest rates, compared to their white counterparts.
However, FNB said the claims were false, callous and irresponsible.
The majority of Saambou bondholders were civil servants in the low-income housing category, who were targeted
