Capitec Bank Closes Bank Accounts Of ZEP Holders

Capitec Bank Closes Bank Accounts Of ZEP Holders

According to Ngqabutho Mabhena, the chairperson of the Zimbabwe Community in South Africa, the closure of accounts has impacted many Zimbabweans living in South Africa, who rely on these accounts for day-to-day financial transactions and remittances to their families in Zimbabwe. On November 28, 2024, just as the ZEP was set to expire, South African Home Affairs Minister Leon Schreiber announced that the validity of the permits would be extended…

Breaking: Capitec Bank Accounts For Foreign Nationals Reportedly Frozen Without Warning

In a shocking development, foreign nationals using Capitec Bank accounts, including Zimbabwean Exemption Permit (ZEP) holders, are reporting that their accounts have been frozen. Numerous account holders have shared their frustrations with SA Trucker, alleging they were not warned about the abrupt measure. Affected individuals claim they are able to log into their accounts via the Capitec app, but they cannot perform any transactions. Read | SA …