National Financial Ombud Scheme has recovered R416-million for consumers
The National Financial Ombud Scheme (NFO) reports that since its inception in March of last year, it has handled 40,859 cases and recovered 416 million. This scheme resulted from the merger of four ombudsman agencies, creating a single platform for resolving complaints and disputes in South Africa's financial services sector. NFO head Reana Steyn stated that the organization has provided a crucial safety net for those affected by maladministration, disputes, […]
