🚨 #FakeNewsAlert 🚨

The article claiming that a "New Card Withdrawal Rule" will take effect on 10 May 2025 — requiring banks to report card withdrawals over R10,000 to SARS — is false.
•⁠ ⁠There is no such rule issued by the South African Reserve Bank (SARB).

•⁠ ⁠No new directive has been announced requiring automatic SARS reporting for large card withdrawals.
We urge members of the public to always verify financial news on official SARB or SARS channels.

Visit www.resbank.co.za for accurate updates.