ABSA has reconsidered its decision and paid its previously insolvent client her R100,000 plus interest.
Dikeledi Molokomme is back at Capitec Bank after a nasty experience she endured at Absa when she tried to withdraw her money in April.
Absa had withheld her money because she still had an insolvency order hanging over her head and to remove the order she had to spend R12,000 she did not have.
Absa acknowledged that Molokomme was not advised about the repercussions of insolvency at the time of investing, adding that that question was left blank at the time of signing.
Molokomme has now received her money.
"After receiving my cheque I went straight back to Capitec and reopened my account," she said.
Molokomme's son had to drop out of school in March because she could not afford his fare. The semi-literate shack dweller will now build a proper house for her family.
"I will be forever indebted to my neighbours who made sure I had a meal every day," she said.
She said as soon as she completed construction of her house she would slaughter a goat to thank her ancestors.
"There is no better way to do it in our culture," Molokomme said.
She said building a house on the piece of land she occupies would cost her less than R20000 since she only wanted to build a brick wall with windows and subdivide the rooms.
She worked as a supervisor at a state hospital laundry until retirement.
After receiving her pension she invested it with Capitec for a few months and withdrew it when she discovered that she would earn more interest at Absa.
Molokomme invested R100000 with Absa in July last year and when she wanted to withdraw it in April, it had accrued R3000 interest.
Absa had refused to release her money because she was declared insolvent in 2003.
She does not owe anyone. All her debts are paid in full.
Her insolvency matter has been filed off.
She said the filing notice was issued on July 23 2005. This means any claims that Absa might have against Molokomme before April 2003 will have to be written off since the court order for sequestration was issued on April 22 2003, reads an e-mail previously sent to Absa by Tersia van der Bergh of Kaap Vaal Trust.
Molokomme claims that Absa referred her to her attorneys for rehabilitation before she could get her money.
The cost of rehabilitation is estimated at R12000, which she does not have. She said she regrets ever investing with Absa.
"The only time the bank said anything was when I demanded my money back," she said.
"I cannot even qualify for a government grant because their investigation shows that I recently received a pension and it's at Absa."
She said Absa should have advised her better about her investment.
Absa's Errol Smith said Absa had learnt its lesson while investigating Molokomme's case.
He gave the assurance that there would be no repeat performance of this matter.
Absa relents and pays pensioner
ABSA has reconsidered its decision and paid its previously insolvent client her R100,000 plus interest.
Dikeledi Molokomme is back at Capitec Bank after a nasty experience she endured at Absa when she tried to withdraw her money in April.
Absa had withheld her money because she still had an insolvency order hanging over her head and to remove the order she had to spend R12,000 she did not have.
Absa acknowledged that Molokomme was not advised about the repercussions of insolvency at the time of investing, adding that that question was left blank at the time of signing.
Molokomme has now received her money.
"After receiving my cheque I went straight back to Capitec and reopened my account," she said.
Molokomme's son had to drop out of school in March because she could not afford his fare. The semi-literate shack dweller will now build a proper house for her family.
"I will be forever indebted to my neighbours who made sure I had a meal every day," she said.
She said as soon as she completed construction of her house she would slaughter a goat to thank her ancestors.
"There is no better way to do it in our culture," Molokomme said.
She said building a house on the piece of land she occupies would cost her less than R20000 since she only wanted to build a brick wall with windows and subdivide the rooms.
She worked as a supervisor at a state hospital laundry until retirement.
After receiving her pension she invested it with Capitec for a few months and withdrew it when she discovered that she would earn more interest at Absa.
Molokomme invested R100000 with Absa in July last year and when she wanted to withdraw it in April, it had accrued R3000 interest.
Absa had refused to release her money because she was declared insolvent in 2003.
She does not owe anyone. All her debts are paid in full.
Her insolvency matter has been filed off.
She said the filing notice was issued on July 23 2005. This means any claims that Absa might have against Molokomme before April 2003 will have to be written off since the court order for sequestration was issued on April 22 2003, reads an e-mail previously sent to Absa by Tersia van der Bergh of Kaap Vaal Trust.
Molokomme claims that Absa referred her to her attorneys for rehabilitation before she could get her money.
The cost of rehabilitation is estimated at R12000, which she does not have. She said she regrets ever investing with Absa.
"The only time the bank said anything was when I demanded my money back," she said.
"I cannot even qualify for a government grant because their investigation shows that I recently received a pension and it's at Absa."
She said Absa should have advised her better about her investment.
Absa's Errol Smith said Absa had learnt its lesson while investigating Molokomme's case.
He gave the assurance that there would be no repeat performance of this matter.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos