A Capitec branch. (Supplied/Capitec).
A former Capitec employee has failed in her attempt to overturn a debarment after the bank found her guilty of taking part in a scheme to manipulate debit order account numbers to get incentives from the bank.
The Financial Services Tribunal (FST) dismissed an application by Sithembile Nokwazi Gambu against the debarment, which would prohibit her from rendering financial services to the public.
The tribunal said the lender was obliged to debar her, as per the Financial Advisory and Intermediary Services (FAIS) Act. This is regardless of a separation agreement and settlement between her and the lender, which falls under the Labour Relations Act.
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