Empowerment shareholders believe the damning Myburgh report lends weight to their case against the former bank’s holding company and directors.
The board members of Abil were negligent and reckless, according to advocate John Myburgh's now-public report.
A $4-billion fund to create 25-million jobs is one initiative to uplift Africa’s people, the young in particular.
South Africa now effectively has a state-owned bank, but can it fly in a reformed environment?
Despite skating to the edge of total closure under the weight of bad debt, the bank's rehabilitation appears to be on schedule.
The Reserve Bank's involvement in resuscitating the collapsed bank is not without a conflict of interests, but no one's complaining.
Financial results from the African Bank reveal a R9.3-billion loss.
Supervision practices are in the spotlight at the regulator, after the fall of African Bank.
There’s no rescue plan for African Bank borrowers, many of whom are repaying loans that experts say are contrary to the National Credit Act.
The commissioner's report is complete but there was no word of whether it would give rise to charges.
The treasury and the lender's curator are running out of time to appease all the creditors involved.
The PwC curators of the flailing financial institution say the bank is well on the road to recovery despite a delay in listing on the JSE.
The Reserve Bank has faith in the local financial sector but troubling factors lie beyond its control.
Concerns are growing that the state may be in for more bad debt than expected with African Bank.
The Reserve Bank's probe into the collapse of the unsecured lender will include the possibility of intentional fraud.
African Bank's plight seemed to come as a shock, but banks started tightening up credit a year ago.
The downgrades of the big four seem to have less to do with the health of our banks and more with the Reserve Bank's recipe to rescue African Bank.
Moody's ratings downgrade of South Africa's four big banks cast the rescue of African Bank in a very different light.
Capitec Bank has come out fighting against what it believes is a kneejerk downgrade of its credit rating in the wake of the African Bank's collapse.