ABASA congratulates and welcomes its newly elected Board of Directors, announced following the Elective AGM held in KwaZulu-Natal.
We wish Thabang Motloi, Sanele Mkhize, Ludwig Mangena, and Tshegofatso Makgoba every success as they lead the organisation forward.
#ABASALeads
Even during testing times, @saica_za still fully supports @ABASA_National programs. We see you #SAICA, and we will forever remain grateful 🙏🏽
SAICA is our lift as you climb mentor 🙌🏽
Speaker Announcement 📣
Patricia Stock CA(SA), SAICA CEO, will deliver the keynote address at this year's post AGM Gala dinner
An evening of leadership, reflection, and shaping the future of the profession.
#ABASA#ABASAAGM#SAICA#Leadership#Accounting
🚨 BREAKING: Google Gemini can now analyze any stock like a Wall Street analyst (for free).
Here are 10 insane Gemini prompts that replace $4,000/month Bloomberg terminals:
Save for later🔖
Standard Bank Faces Backlash Over Rising Fraud Complaints and Customer Concerns
As digital banking expands across South Africa, financial institutions are under increasing pressure to strengthen security systems and respond quickly to fraud complaints.
Standard Bank Group, one of the largest financial institutions in South Africa, is facing growing backlash from customers and public commentators over the increasing number of fraud complaints linked to bank accounts and security breaches.
The criticism has intensified in recent months as reports of scams, account compromises, and alleged internal vulnerabilities continue to surface.
Many customers have taken to social media and consumer platforms to report incidents of fraud involving their accounts. Complaints range from unauthorised transactions and phishing scams to alleged delays in resolving disputes with the bank.
Cybercriminals have increasingly targeted bank clients using sophisticated methods such as phishing, vishing (voice phishing), and spoofing, where scammers impersonate legitimate bank officials to trick victims into revealing sensitive information. According to Standard Bank’s fraud risk management division, the use of AI-generated voices, fake emails, and manipulated caller IDs has made these scams significantly harder for customers to identify.
Bank officials say fraud cases often spike during periods of financial stress.
Adding to the bank’s reputational challenges are reports of internal fraud incidents. In one case, a former IT operator allegedly manipulated the bank���s systems to extend overdraft facilities on his own account, resulting in losses exceeding R1.9 million for the bank.
Separately, a court ruling in 2025 ordered the bank to repay more than R2.1 million that had been paid out to a fake executor from a deceased estate, highlighting weaknesses in verification processes.
The bank has also recently been caught in a political controversy involving allegations that confidential client information may have been shared during a public dispute involving an MP. The claims triggered backlash online, with some questioning whether the bank had violated privacy rules.
Standard Bank has however denied the allegations and reiterated that it strictly follows the Protection of Personal Information Act (POPIA), stating that client data is never disclosed unless legally required.
These cases have fuelled public debate about whether banks are doing enough to protect customers from fraud.
https://t.co/uv927GYJGH
New Zealand outplayed us in all areas of the game, they wanted it more and they deserved it. Congrats to them, that’s how potential champions play 👏🏽 👏🏽 👏🏽
#SAvNZ#SAvsNZ#T20WorldCup2026
🚨 MATCH RESULT 🚨
The unbeaten streak continues as #TheProteas secure a commanding victory in their Super 8 opener by 76 runs! 🙌🇿🇦
A complete all-around display with intensity with the bat, discipline with the ball, and true #Unbreakable spirit throughout! 🫡🏏
#T20WorldCup
I can’t keep calm. We convincingly beat India, in India at the T20 World Cup 🕺🏽
Just look at that NRR boosting victory!!!
#INDvSA#INDvsSA@ProteasMenCSA@BCCI