Capitec, SA’s largest bank by customer numbers, has restored thousands of accounts belonging to Zimbabwean exemption permit (ZEP) holders after a last-minute reprieve by home affairs minister Leon Schreiber to extend the validity of the exemption until the end of this year.

The lender, which has 23-million clients, temporarily closed the accounts until the government confirmed that the validity of the ZEP was extended, alongside that of Basotho nationals living and working in SA...

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