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News 10 Nov 2023

Standard Bank addresses Media Reports

Standard Bank is aware of media reports referencing various disputed proofs of payment relating to the EFF.

Standard Bank confirms that the documentation circulating in the media, whilst on an outdated template, reflects genuine transactions which are not fraudulent. Standard Bank denies having confirmed that any proofs of payment in relation to transactions were doctored.

The matter relates to an erroneous response by Standard Bank to a query from AfriForum. We are investigating the inaccurate communication and will be engaging AfriForum to gain clarity on the circumstances that led to the error.

We take this matter very seriously and apologise to the EFF.

Save for confirming that all the transactions queried by AfriForum with Standard Bank are genuine, Standard Bank is not in a position to comment any further due to client confidentiality.


Ross Linstrom
Standard Bank Media Relations
E Mail – [email protected]