Monday, June 23, 2008

Banks killing us (not so) softly

http://www.iol.co.za/index.php?set_id=1&click_id=13&art_id=vn20080623054957546C947257

"The banks are making a killing in this country," said Roodt. "If you compare our bank charges to the rest of the world, it's obvious ours are very high."

Duh, we knew that, but since we are one of the few countries in the world to always get ripped off with anything and everything most people have given up complaining. Not me. The mere fact that I have to pay a monthly fee for my internet banking and then for each transaction is a complete rip-off (yes you get different structures), mine works out to R75 per month, but still...

How can a bank make millions in profits while a lot of South Africans go hungry?

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