National Financial Ombud Scheme Returns R328.5 Million to Consumers
The National Financial Ombud Scheme (NFOS) has recovered and returned R328.5 million to South African consumers between March and December 2024, following over 35,000 complaints lodged across insurance, banking, and credit sectors. Howard Gabriels, the divisional lead ombud for the credit sector, revealed that more than R200 million of the total amount was paid out to consumers in life insurance and disability claims where […]
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