African Bank Investments Limited

Report: African Bank directors were reckless

The board members of Abil were negligent and reckless, according to advocate John Myburgh's now-public report.

Ellerine jobs saved as regulator recommends Shoprite offer

The Competition Commission has recommended an offer by the retail giant to acquire the stores and staff of the failed furnisher.

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.

JD reports loss and halts dividend as credit sales fall

The furniture retailer's balance sheet was burdened by climbing bad loans and restructuring within the group.

JD Group shares jump on imminent lending unit sale

The struggling retailer's shares rose on news that it had found a buyer for its loan book, allowing it to focus on its retailing and product range.

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 downgrade doesn’t mean a redemption for bondholders, says CFO

African Bank says holders of its debt cannot ask for an early repayment of its bonds, despite being downgraded to "junk" status last week.

Edcon plans credit sales growth as loss narrows

The clothing retailer looks to bolster sales by enabling pressurized consumers to buy more on credit.

Hedge fund shorts African Bank shares

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

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.

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.

Press Releases

Boosting safety for cargo and drivers

The use of a telematics system for fleet vehicles has proved to be an important tool in helping to drive down costs and improve efficiency, says MiX Telematics Africa.

Silencing the guns and firearms amnesty

Silencing the guns and firearms amnesty

Gender-based violence is an affront to our humanity

Gender-based violence is an affront to our humanity

UK-Africa investment summit 2020: Think Africa Invest SA

UK-Africa investment summit 2020: Think Africa Invest SA

MTN unveils TikTok bundles

Customised MTN TikTok data bundles are available to all prepaid customers on *136*2#.

Marketers need to reinvent themselves

Marketing is an exciting discipline, offering the perfect fit for individuals who are equally interested in business, human dynamics and strategic thinking. But the...

Upskill yourself to land your dream job in 2020

If you received admission to an IIE Higher Certificate qualification, once you have graduated, you can articulate to an IIE Diploma and then IIE Bachelor's degree at IIE Rosebank College.

South Africans unsure of what to expect in 2020

Almost half (49%) of South Africans, 15 years and older, agree or strongly agree that they view 2020 with optimism.