Capitec employee debarred after submitting invalid debit-order switches to boost incentives
A former Capitec Bank representative faces debarment for submitting fraudulent debit-order switches so that she could meet internal targets and contribute towards the bank's team awards incentive scheme.
Palesa Molefe, a former Capitec Bank employee, has lost her attempt to overturn her debarment. The Financial Services Tribunal ruled that Molefe engaged in dishonest conduct by submitting transactions as debit-order switches when they didn't qualify. Capitec debarred Molefe in March 2026, citing her failure to meet the fit-and-proper requirements of honesty and integrity.
Molefe claimed Capitec failed to consider all evidence and didn't disclose key information. However, the tribunal dismissed her application for reconsideration, finding the central allegations were uncontested and her conduct was inherently dishonest.
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