Complaint / review text:
Hi, it is absolutely appalling how ABSA is treating its money market investors. It is totally unacceptable to deduct money from people's savings and then you learn about this in the media.
ABSA has the audacity to say that by deducting 0.3% from investors "it is restoring confidence". It's completely the opposite. ABSA was fully aware that African Bank was in trouble for the past few months and they should have withdrawn its money market investments long before African bank was placed under curatorship.
The managers & shareholders of ABSA should be held accountable for poor investment decisions.
I will withdraw all my assets from ABSA if they do not reimburse me.
Stay away from ABSA & Barclays!