Critical to success is a roll-out of transactional offerings and securing refinancing
The courts offer recourse to companies that are unhappy with banks, finance minister tells audience at Cape Town book festival.
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.
South Africa now effectively has a state-owned bank, but can it fly in a reformed environment?
The big four banks have managed to grow earnings impressively, but enormous challenges remain as SA’s economic outlook continues to deteriorate.
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.
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.