Solidarity dumps Absa as banker

It says that the Solidarity Movement moved its investment and money market account to FNB and Capitec last year. Dirk Hermann, deputy general secretary of Solidarity says that the movement did an extensive investigation of the banks to determine which one would offer the best value for money and service.

He says that FNB and Nedbank offered the "best value for money by far" but FNB met more of the movement's requirements. According to Hermann, Absa and Standard were not considered because of their high finance charges.

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