This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
BusinessLive reports that Standard Bank has charged 67 staff members with gross misconduct and dishonesty after identifying 20,000 retail client accounts that might not have been activated in line with guidelines and procedures.
The accounts in question represents less than 0.1% of the 1.2-million new accounts that were opened in 2021, spokesperson Ross Linstrom advised in an emailed response to questions, but he declined to give full details on the nature of the charges because the matter was still under investigation. Fin24, which first reported on the story, said on Friday that Standard Bank had fired more than 30 of its employees for creating what it labelled ghost accounts. Some Standard Bank employees stand accused of depositing small amounts of their own money to activate these accounts, which helped them to reach company targets. The incidents were largely confirmed to a local area in the Western Cape, according to the bank, which said that any staff member found to have contravened the banks’ rules and regulations would be subject to a formal disciplinary process, regardless of the position they hold at the bank.
- Read the full original of the report in the above regard by Andries Mahlangu at BusinessLive
- Read too, Standard Bank staff fired, investigated for creating ghost accounts, at Fin24 (subscriber access only)
Get other news reports at the SA Labour News home page