Standard bank SA 52 years of gradual neglect and declining assistance.

I have decided to cut Standard bank out of my business life.

They are a joke an *********** one at that. They only service their corporate clients at the expense of neglecting their small business clients. They are a complete waste of time and not worth the effort of financing them further.

Here is my letter to Sim Tshabalala which is self explanatory. I app**** for a R25,000 increase in my current overdraft (30%). Having presented all the necessary documents they asked for they are now demanding a further set of documents including the ones I already supp****. This is simply a delaying tactic making it virtually impossible to do business with them. As I am 79 I am sure this is the unspoken reason. 52 of these years I have been making money for them having sold several of my businesses to Pepkor for substantial amounts. All proceeds having gone through Standard bank. Millions.

Good morning Sim

Thank you so much for your help and assistance to date.

No, I'm sorry to have to report the gentlemen who assisted me at the Kokstad Branch did not have a clue. He kept asking other people passing what to do and how to do it. Then he would run off for another consultation with somebody else.

After 52 years with Standard Bank I am quite disappointed. In the old days you made an appointment, went to see the bank manager, had a cup of tea and a decision was made then and there. This is because he was trained, knew the job and didn't have to run off to ask other people what to do and how to do his job.

THIS FELLOW KEPT ME SITTING THERE FOR OVER AN HOUR. I GAVE HIM THE LATEST BALANCE SHEETS AS AT 2026. THE SARS ITA34 FORM, TAX PAYMENTS, CASH FLOW, LETTER OF DRAWINGS. TOTAL ASSETS (OVER R5 MILLION PROPERTY ALL BOND FREE). I ONLY JUST OPENED THIS NEW VENTURE AND THE NET PROFIT WAS R170,000. IT'S A CASH BUSINESS.

He finally tells me after an hour I need to open a business account to prove drawings.

I walked out. I do not have the time to waste with these ***********s. If you don't want to increase the current overdraft by R25,000 that's fine I can and will manage. But I will not be *********ed into opening more accounts incurring even more bank charges and expenses which are already very high. My ATM deposits at the moment amount to over R1,000 a month.

Thank you for your interest. John Taylor.