Abstract:
In the year 2015/16, some of the major South African banks such as
Standard Bank, terminated its bank-client contracts with its customers.
The customers argued that Standard bank issued no notice of termination
of these bank-client contracts. Alternatively, if the bank issued the notice of
termination, the period thereof was insufficient for the client to arrange for
an alternative baking option. As a result, the client argued that Standard
Bank unlawfully terminated the bank-client relationship. Consequently,
this paper examines this termination by considering, i) the nature of their
relationship, ii) the duties of both the bank and the client, iii) and iv) the
ways and circumstances which the bank-client contract may be terminated
in South African banking law.