20°C / 22°C
  • Sun
  • 29°C
  • 13°C
  • Mon
  • 28°C
  • 12°C
  • Tue
  • 24°C
  • 10°C
  • Wed
  • 19°C
  • 5°C
  • Thu
  • 21°C
  • 3°C
  • Fri
  • 25°C
  • 4°C
  • Sun
  • 16°C
  • 12°C
  • Mon
  • 18°C
  • 12°C
  • Tue
  • 21°C
  • 13°C
  • Wed
  • 25°C
  • 12°C
  • Thu
  • 32°C
  • 16°C
  • Fri
  • 27°C
  • 17°C
  • Sun
  • 31°C
  • 15°C
  • Mon
  • 30°C
  • 13°C
  • Tue
  • 25°C
  • 11°C
  • Wed
  • 22°C
  • 7°C
  • Thu
  • 23°C
  • 4°C
  • Fri
  • 28°C
  • 6°C
  • Sun
  • 30°C
  • 15°C
  • Mon
  • 30°C
  • 11°C
  • Tue
  • 24°C
  • 12°C
  • Wed
  • 19°C
  • 6°C
  • Thu
  • 22°C
  • 3°C
  • Fri
  • 27°C
  • 3°C
  • Sun
  • 21°C
  • 15°C
  • Mon
  • 20°C
  • 15°C
  • Tue
  • 19°C
  • 14°C
  • Wed
  • 19°C
  • 13°C
  • Thu
  • 20°C
  • 11°C
  • Fri
  • 23°C
  • 13°C
  • Sun
  • 15°C
  • 13°C
  • Mon
  • 17°C
  • 11°C
  • Tue
  • 18°C
  • 10°C
  • Wed
  • 19°C
  • 13°C
  • Thu
  • 26°C
  • 12°C
  • Fri
  • 32°C
  • 18°C
  • Sun
  • 16°C
  • 7°C
  • Mon
  • 22°C
  • 6°C
  • Tue
  • 23°C
  • 8°C
  • Wed
  • 28°C
  • 9°C
  • Thu
  • 33°C
  • 15°C
  • Fri
  • 32°C
  • 19°C
  • Sun
  • 14°C
  • 11°C
  • Mon
  • 19°C
  • 10°C
  • Tue
  • 21°C
  • 11°C
  • Wed
  • 23°C
  • 13°C
  • Thu
  • 29°C
  • 19°C
  • Fri
  • 27°C
  • 18°C
  • Sun
  • 32°C
  • 16°C
  • Mon
  • 32°C
  • 15°C
  • Tue
  • 27°C
  • 13°C
  • Wed
  • 25°C
  • 10°C
  • Thu
  • 24°C
  • 6°C
  • Fri
  • 28°C
  • 9°C
  • Sun
  • 28°C
  • 9°C
  • Mon
  • 27°C
  • 6°C
  • Tue
  • 24°C
  • 11°C
  • Wed
  • 23°C
  • 8°C
  • Thu
  • 23°C
  • 6°C
  • Fri
  • 28°C
  • 6°C
  • Sun
  • 33°C
  • 14°C
  • Mon
  • 20°C
  • 11°C
  • Tue
  • 22°C
  • 10°C
  • Wed
  • 20°C
  • 7°C
  • Thu
  • 19°C
  • 6°C
  • Fri
  • 24°C
  • 3°C
  • Sun
  • 13°C
  • 10°C
  • Mon
  • 17°C
  • 8°C
  • Tue
  • 18°C
  • 9°C
  • Wed
  • 22°C
  • 9°C
  • Thu
  • 30°C
  • 15°C
  • Fri
  • 35°C
  • 18°C

Govt keeping close eye on Abil

The unsecured lender says it needs to raise at least R8.5 billion after significant losses.

Finance Minister Nhlanhla Nene. Picture: GCIS.

JOHANNESBURG - Finance Minister Nhlanhla Nene says government is keeping a close eye on the plight of beleaguered African Bank Investments Limited (Abil).

The unsecured lender says it needs to raise at least R8.5 billion after significant losses.

Nene says talks on how to assist the bank are continuing.

"There is ongoing engagement with Abil on challenges that confront it and measures to resolves these challenges are currently under discussion."

Nene has emphasised however that South Africa's banking sector remains in good shape.

"One assurance is that our banking sector remains healthy and robust and there has been no indication that other South African banks have been affected negatively by Abil's trading updates which is a major concern."

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus