Search Results: african bank

African Bank ‘referee’ a major player

The Reserve Bank's involvement in resuscitating the collapsed bank is not without a conflict of interests, but no one's complaining.

Results show true extent of African Bank rot

Financial results from the African Bank reveal a R9.3-billion loss.

African Bank: No rescue plan for borrowers

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.

Maybe magic will save African Bank

The commissioner's report is complete but there was no word of whether it would give rise to charges.

African Bank hits hitch in restructuring

The treasury and the lender's curator are running out of time to appease all the creditors involved.

No imminent JSE listing for African Bank

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.

African Bank receives offer for suspended preference shares

The holders of preference shares are at risk of losing their capital - but now there is an offer to acquire all of them.

African Bank: The rot stops here

The Reserve Bank's probe into the collapse of the unsecured lender will include the possibility of intentional fraud.

African Bank rescue evades key questions

Analysts have asked why regulators did not act sooner to avert the African Bank crisis.

African Bank splits to isolate loans in Reserve Bank rescue

The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.

African Bank chief exec quits

Head of the country's largest unsecured lender, Leon Kirkinis, has stepped down with immediate effect as the bank plans a capital increase.

African Bank will beat ‘junk’ rap

Analysts say the company’s biggest shareholders cannot afford to let it fail.

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