CEO of Izwe Savings and Loans company, Raymond Bismarck

The Chief Executive Officer of Izwe Savings and Loans PLC, Raymond Bismarck has dispelled a media report which claimed there was a scandal at the company.

In a statement copied to, Mr Bismarck said the publication is false and baseless.

“Neither Izwe nor its shareholders, directors, management or employees are connected in any way with the allegations of the Vanguard newspaper.”

He assured clients that the business remains committed to providing financial services in a responsible and transparent manner and in accordance with regulatory standards.

Read the full statement below:

Press Release – Re Scandal at Izwe by on Scribd