The instructions from Luthuli House would certainly urge that the ANC caucus in Parliament shows restraint on Mkhwebane, while the Union Buildings would certainly prefer her out of the office as soon as yesterday., writes Ralph Mathekga.
Scattered clouds. Cool.
Charges relate to financial statements signed off at African Bank Limited and African Bank Investments.
Abil's significant change in earnings was mainly due to Standard General Insurance Company exiting its relationship with African Bank Limited.
The latest results of Residual Debt Services - effectively the old African Bank - mark the conclusion of the relaunch of the new African Bank, says the curator.
An asset manager talks about the reincarnated African Bank and looks at the hard lessons retail investors and the asset management community learnt from Abil’s demise.
The curator of African Bank has announced that certain further suspensive conditions of its restructuring have now been fulfilled.
Furniture retailer Lewis Group has acquired more than 60 Ellerines and Beares stores in southern Africa to expand its footprint on the continent .
The completion of the proposed restructuring process of African Bank will likely be delayed, says the curator.
The Public Investment Corporation says it is not acceptable that compensation for Leon Kirkinis, former CEO of failed African Bank, rose before he resigned.
Curator Tom Winterboer of PwC has announced that two instruments will be issued in exchange for the subordinated funders' claims of about R4.4bn in African Bank.
The SA Reserve Bank came to the rescue of African Bank when it collapsed in August 2014, but there’s no rescue plan for borrowers, writes Mandy de Waal.
The Abil saga is a cautionary tale that reminds us why proper scrutiny of the state of a company's corporate governance is so important, says Stephanie Giamporcaro.
African Bank Investments has advised shareholders regarding settlement agreements concluded between Abil and empowerment shareholders.
The business of African Bank was conducted negligently in certain respects, according to a report made public by the SA Reserve Bank.
The former directors of African Bank say in court papers they aren’t liable for a R2.03bn damages claim lodged by black shareholders who held stock in the collapsed lender.
The curator of African Bank announced this week that the proposed restructuring of African Bank has received the overwhelming support of its creditors.
African Bank, the unsecured lender that collapsed last year amid record losses, says the business created out of the bank’s viable assets will make a profit in 2017.
New legislation is enabling the curator of African Bank to initiate the next step to restructure African Bank and create a "Good Bank".
The curator of African Bank has issued more details on the instruments to be issued in the propsed "Good Bank", at the request of an industry body.
Furniture retailer Lewis Group has reported a strong second-half performance and gained market share in a competitive environment, says CEO Johan Enslin.
An excellent article for our Thought Leaders section on how Futuregrowth managed to help its clients when African Bank collapsed, including what to do when investing in a bank.
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