ABSA International Inward Transfer internal ****

<p>There is a major internal **** ongoing at ABSA when you as a client receive an Inward Transfer Notification. I have experience this now for the past 5 years. Depending on the current exchange rate, traders will delay the transaction. This happens everytime when the RAND (ZAR) starts to strengthen. Be aware that traders will use any possible excuse to delay the instruction to wait for the rand to weaken further. I had a case where the transaction were delayed through various tactics for a week. The opposite is happening when the RAND (ZAR) weaken and you give the instruction to transfer, the instruction will then be executed within minutes. This is a warning to all EXPATS out there, to be aware of the tactics/**** ABSA traders are using. </p>