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 holders of preference shares are at risk of losing their capital – but now there is an offer to acquire all of them.
The Reserve Bank’s probe into the collapse of the unsecured lender will include the possibility of intentional fraud.
Analysts have asked why regulators did not act sooner to avert the African Bank crisis.
The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.
Head of the country’s largest unsecured lender, Leon Kirkinis, has stepped down with immediate effect as the bank plans a capital increase.
Analysts say the company’s biggest shareholders cannot afford to let it fail.
African Bank says holders of its debt cannot ask for an early repayment of its bonds, despite being downgraded to "junk" status last week.