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Search: african bank

Hedge fund shorts African Bank shares
Article
/ 29 May 2014

Hedge fund shorts African Bank shares

A major hedge fund is shorting shares in the unsecured lender in expectation of further declines.

By Jaco Visser
Freak out: why African Bank’s record loss has left the market unphased
Article
/ 19 May 2014

Freak out: why African Bank’s record loss has left the market unphased

A larger than expected loss has not phased investors who believe better days are ahead for the countries largest unsecured lender.

By Staff Reporter
African Bank underestimates soured loans, slides to loss
Article
/ 19 May 2014

African Bank underestimates soured loans, slides to loss

The unsecured lender’s interim results show a loss of R4.4-billion as its customers struggle to repay loans.

By Staff Reporter
African Bank reports full-year loss
Article
/ 11 November 2013

African Bank reports full-year loss

African Bank, South Africa’s largest provider of unsecured loans, has posted a loss for the fiscal year through September.

By Staff Reporter
African Bank to pay R20m after reaching NCR agreement
Article
/ 4 October 2013

African Bank to pay R20m after reaching NCR agreement

The NCR has reached a settlement agreement with African Bank relating to two cases in which the bank was accused of reckless lending.

By Staff Reporter
African Bank to sell Ellerines, raise R4bn to boost capital
Article
/ 5 August 2013

African Bank to sell Ellerines, raise R4bn to boost capital

African Bank Investments aims to raise R4-billion through a Goldman Sachs rights offering and the sale of furniture retailer Ellerines.

By Reuters
African Bank’s outlook gets downgraded
Article
/ 4 July 2013

African Bank’s outlook gets downgraded

Unsecured lender African Bank’s outlook rating has been downgraded from stable to negative by Moody’s Investors Service.

By Staff Reporter
African Bank rated best buy by analysts
Article
/ 6 June 2013

African Bank rated best buy by analysts

South Africa’s biggest unsecured lender is rated highly despite increasing bad debt

By Staff Reporter
African bank commits to helping Malawi economy
Article
/ 23 April 2012

African bank commits to helping Malawi economy

African Development Bank president Donald Kaberuka has pledged to provide Malawi with $45-million in order to resuscitate the ailing economy.

By Lesley Wroughton
No image available
Article
/ 4 July 2011

African Bank: Nationalisation not a good idea

The turmoil in North Africa has hit growth across the continent but may be prompting important indirect political changes.

By Donna Bryson
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