African Bank

 
African Bank: Old guard under fire
African Bank: Old guard under fire
The pressure on former directors of African Bank and its parent company, African Bank Investments Limited (Abil), was ratcheted up this week after...
Report: African Bank directors were reckless
Report: African Bank directors were reckless
A damning report into the collapse of unsecured lender African Bank has found that the boards of both the bank and its holding company African Bank...
Youth hold key to beating poverty
Youth hold key to beating poverty
Nelson Mandela described poverty and inequality as terrible curses of our time: “Overcoming poverty is not a gesture of charity. It is an act of...
African Bank faces changed world
African Bank faces changed world
After 20 months, the comatose African Bank has been resurrected. But it faces a very different world – one that is adjusting to significant...
African Bank: Tough ride to better times
African Bank: Tough ride to better times
The Midrand head office of African Bank does not look like the home of a lender that nearly closed up shop just over a year ago.
African Bank 'referee' a major player
African Bank 'referee' a major player
"Nationalise the banks" is a rallying cry that often echoes through South Africa's political landscape.
Results show true extent of African Bank rot
Results show true extent of African Bank rot
The long-awaited financial results of the failed African Bank have revealed a R9.3-billion loss in its last financial year, and a...
Reserve Bank plots a tighter course
Reserve Bank plots a tighter course
Events surrounding the crash of African Bank have prompted the South African Reserve Bank to make changes to its supervisory practices.
African Bank: No rescue plan for borrowers
African Bank: No rescue plan for borrowers
Sipho* [*not his real name], in his late twenties, from Limpopo, was window shopping at Ellerines, the furniture retailer owned by African Bank,...
Maybe magic will save African Bank
Maybe magic will save African Bank
Public money is on the line as efforts to save African Bank continue, but the findings of an official in-depth investigation into what went wrong...
African Bank hits hitch in restructuring
African Bank hits hitch in restructuring
African Bank creditors are now firmly divided between those who can expect to get money out and those creditors who can't, with the curator and the...
No imminent JSE listing for African Bank
No imminent JSE listing for African Bank
Trading of African Bank securities remains suspended and the "new bank" may not be listed anytime soon, but the business is en route to recovery....

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