Who is responsible when a banking glitch results in a R2.6m debt?

By: Alfred0 comments

Picture this: a banking glitch, a R150,000 credit limit, and over R2,600,000 in online bets. In Investec Bank Ltd v Van Zyl, the High Court had to decide whether the bank was responsible for its own system glitch, or whether the customer was simply exploiting a loophole they knew should not have existed.

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