Capitec 'on track' to refund customers following computer error
Capitec Bank said on Saturday morning it was on track to refund customers who experienced double-deductionsn form the bank accounts on Friday.
"Obviously it had a big knock-on effect on out systems when Nedbank double-deducted from our clients," said the bank's Charl Nel.
However, he said customers should have received full refunds during the course of Saturday morning.
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He said the error was caused by a computer technical error and not a hacking incident.
He would not disclose the amount of money involved, but said: "because this time of the month a lot of people buy from retailers the number were quite high."