HOT: Westbank are accused of charging black loan applicants 18% and white loan applicants 10% for vehicle loans KossyDerrickBlog KossyDerrickEnt

KossyDerrickEnt

Your favourite Entertainment Blog for trending Gist, Celebrity News and gossip, food and Hollywood Celebrity news. For advert and sponsored post, contact: [email protected]

Breaking News

Search This Blog

Before you used this banner

Translate

Tuesday, January 23, 2024

HOT: Westbank are accused of charging black loan applicants 18% and white loan applicants 10% for vehicle loans

Information reaching Kossyderrickent has it that Westbank are accused of charging black loan applicants 18% and white loan applicants 10% for vehicle loans.

The employee, who asked not to be named, worked as a consultant in the IT department as a contractor between 2014 and 2018.

He told the Sunday Independent that the bank used the acquisition system to determine the interest rates.

Asked to comment on the allegations, WesBank refuted the allegations of discrimination against customers based on race as alleged.

“All vehicle finance applications are assessed on affordability and the customer’s credit profile in accordance with the National Credit Act. Credit scoring is conducted by independent credit bureaus and are not determined by our offices.

Wesbank’s actions, if proven to be accurate, run contrary to this belief and the covert racism it represents cannot be tolerated in a country with a problematic history like our own. Non-racialism is a pillar of our Constitution that is constantly under threat as social cohesion breaks down in South Africa, and it is the responsibility of every business in South Africa to act morally and treat every citizen the same in the workplace.

ActionSA will continue to monitor progress in this regard and ensure that ordinary South Africans do not face arbitrary discrimination 30 years into our democracy.

WesBank denied that Aylward was constructively dismissed and argued that, due to the non-existence of a constructive dismissal, the CCMA did not have jurisdiction to arbitrate his unfair dismissal claim.

The bank applied to review the arbitration award on the basis that the arbitrator had failed to consider the evidence before her and drew inferences which were not warranted by the evidence, thereby reaching conclusions that were wrong.

No comments:

Advertise With Us