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.

Latest

Mbalula defends changing taxi operating times

Regulations for taxis have been relaxed over the last few days of the lockdown prompting criticism. Transport minister Fikile Mbalula however, has defended the decision

A week in lockdown: SA Covid-19 cases at 1 505

The health department says it is awaiting confirmation on whether two deaths in Kwazulu-Natal are related to the coronavirus disease

Lockdown heroes feed hungry kids

Feeding schemes inundated with requests to assist during Covid-19 lockdown

Press Releases

New energy mix on the cards

REI4P already has and will continue to yield thousands of employment opportunities

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world

SAB Zenzele special AGM rescheduled to March 25 2020

New voting arrangements are being made to safeguard the health of shareholders