Bank Zero maintenance hold-up

[Hanno Labuschagne]

Bank Zero maintenance hold-up

Bank Zero is experiencing an outage, with South Africa’s youngest digital bank informing customers that its system was unavailable after maintenance took longer than expected.

“We are all hands on deck to come back up as soon as possible,” Bank Zero said in a post on Twitter/X. “ We will post here as soon as it is fixed.”

 

[blunt]

oops

 

[mr_norris]

Tens of people must be affected

 

[Bad Ballie]

Seems to becoming a thing, who's next?

 

[dontcryforme]

Who said this just yesterday..?

Bank zero much better

 

[xera]

I guess they don't have zero downtime.

 

[Smiggles]

Zero that's how many fcks I give.

 

[Corelli]

Cheapest reasonable account is that Nedbank R7 account according to AI, even Capitec doesnt compare.

Ironically here are some useless facts.

If you bought a house for R2 million, your bond payments would be about R19953pm or there about (let alone insurance etc).
At the end of the perioud you wouldve paid R2.7 million in interest alone.

Now if some generous parent gave you R2 million, you can then go about saving that R19953 into a nominal investment account for 20 years.
And after 20 years you would have about R15.3 million rand.

Then slap on another 20 years and you would have just over R100 million (thats with monthly payments stopped and just let the Capital grow by itself.

And oh lets add another 20 years and you're closer to R600 million.

Now thats how generational wealth work. You dont save for now, you save for your kids and grandkids in the future.

 

[ToxicBunny]

Cheapest reasonable account is that Nedbank R7 account according to AI, even Capitec doesnt compare.

Ironically here are some useless facts.

If you bought a house for R2 million, your bond payments would be about R19953pm or there about (let alone insurance etc).
At the end of the perioud you wouldve paid R2.7 million in interest alone.

Now if some generous parent gave you R2 million, you can then go about saving that R19953 into a nominal investment account for 20 years.
And after 20 years you would have about R15.3 million rand.

Then slap on another 20 years and you would have just over R100 million (thats with monthly payments stopped and just let the Capital grow by itself.

And oh lets add another 20 years and you're closer to R600 million.

Now thats how generational wealth work. You dont save for now, you save for your kids and grandkids in the future.

Your example is all well and good, but it requires pre-generational wealth to initially fund the R2m purchase.

 

[oros]

Who said this just yesterday..?

I didn't know they also had a downtime, only found out later on.