The introduction of the National Credit Act on Friday forced three of South Africa's big four banks to temporarily close shop on homeloan applications. Standard Bank and Nedbank were not accepting any homeloan application on Friday, and Absa had already closed its doors for homeloan applications on Thursday.
The introduction of the National Credit Act on Friday forced three of South Africa's big four banks to temporarily close shop on homeloan applications. Standard Bank and Nedbank were not accepting any homeloan application on Friday, and Absa had already closed its doors for homeloan applications on Thursday.
The banks said they would reopen applications today. First National Bank was the only bank still doing business on Friday. - Staff Reporter