African bank
African Bank group CEO Basani Maluleke resigns
In a statement, the bank said she’s stepping down to pursue other career opportunities.
-
Reserve Bank starts process to sell its 50% stake in African Bank
African Bank was placed under the central bank's control in 2014 after nearly collapsing under the weight of bad loans.
-
African Bank to name learning academy after Richard Maponya
Thousands of business people and South Africans gathered at the Rosebank Union Church on Friday for a memorial service to remember the self-made businessman.
-
Sarb aims to sell African Bank stake in year or two
African Bank was placed under Sarb control after nearly collapsing in 2014 due to the weight of bad loans.
-
[LISTEN] African Bank CEO Maluleke ‘learning to rise to the occasion’
African Bank CEO Basani Maluleke says being the first black woman to lead a South African bank is a very inspiring and hopeful thing for the country.
-
Sasbo, African Bank reach agreement to avoid retrenchments
Sasbo approached the CCMA to intervene in the bank's reported restructuring plans which considered forced retrenchments.
-
African Bank may cut over 650 workers for 'sustainable business'
The bank would not reveal any further details around its restructuring plans, which could see 652 employees being retrenched.
-
Sasbo 'fundamentally against' possible African Bank retrenchments
Consultations with the CCMA over African Bank's plans to retrench 652 employees will start at the end of May.
-
African Bank's lending below levels to sustain "good bank"
African Bank Investments Ltd is lending at levels below what is required to set up a new “good bank”.
-
Thami Sokutu laid to rest in Langa
The African Bank executive died in his sleep on Sunday following a short illness.
-
Ellerine in talks to sell Wetherlys Geen & Richards
Ellerine already has approval to sell about 63 stores of its Beares brand to Lewis Group for $8 million.
-
African Bank collecting $230m of debt a month
African Bank Investments Limited has applied for a new banking licence as a step towards re-listing.
-
SA stocks rise for 4th day Capitec sparkles
South African stocks extended their winning run to a fourth straight session on Thursday.
-
Reserve Bank investigates African Bank
African Bank Investments was rescued in a $1.6 billion bailout led by the Reserve Bank last month.
-
'SA banking sector healthy and robust'
The SARB says it doesn't agree with Moody's downgrading of the country's top four banks.
-
Capitec CEO: Moody's rating inaccurate
Moody's cut the financial strength rating of the lender to D from D+ on Friday.
-
African Bank still open for business
African Bank was placed under curatorship after losing 90% of its value last week.
-
Stocks up for African Bank despite loss
After reporting a loss less severe than expected, Abil shares rocketed by over five percent.
-
Abil in credit provision talks with Edcon
African Bank Investments is looking to provide loans to the retailer’s customers.
