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Possible Fraud?

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My dad (who knows nothing about technology) received 91 calls from a private number today before finally turning his phone off.

When he gave me his phone to assess, I noticed there was no signal. I realised that a sim swap must've been done and I phoned Vodacom right away off my line. they confirmed that a sim swap was done, even though it's a business account and thus requires paperwork for the swap to be approved.

Here's the thing.. He's 63 and doesn't believe in internet banking. He refuses to sign up to it (thank goodness for that right now!) but I cannot work out why they would target him in such a scam. I phoned his bank and they confirmed that this scam is targeted at internet banking, and that these scammers tend to have your login details before they go for the sim swap.

Any idea what could be going on here? What could the possibly do with his phone number, if he has no internet banking? He also has a credit card that he never even got around to activating, so he only has his savings accounts and his business accounts (without any credit/debit cards).

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