Deloitte partners deny 'these allegations'

2018-04-15 06:00

Charges relate to financial statements signed off at African Bank Limited and African Bank Investments.

Abil announces latest results, name change update

2016-12-21 12:22

Abil's significant change in earnings was mainly due to Standard General Insurance Company exiting its relationship with African Bank Limited.

'Old African Bank' reduces its losses to R646m

2016-06-30 18:00

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.

African Bank’s revival – the hard lessons learnt

2016-04-22 13:30

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.

Further progress in African Bank restructuring

2016-03-24 12:36

The curator of African Bank has announced that certain further suspensive conditions of its restructuring have now been fulfilled.

Lewis buys Ellerines, Beares stores to expand African footprint

2015-11-09 10:49

Furniture retailer Lewis Group has acquired more than 60 Ellerines and Beares stores in southern Africa to expand its footprint on the continent .

African Bank restructuring delayed

2015-07-15 11:52

The completion of the proposed restructuring process of African Bank will likely be delayed, says the curator.

PIC slams pay hike for African Bank ex-CEO

2015-06-12 09:52

The Public Investment Corporation says it is not acceptable that compensation for Leon Kirkinis, former CEO of failed African Bank, rose before he resigned.

Not all lost for African Bank investors

2015-05-28 13:42

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.

African Bank: no rescue plan for borrowers

2015-05-12 07:25

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.

 

Lest we forget - lessons from African Bank

2017-09-27 06:00

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.

Abil concludes agreement with BEE shareholders

2016-07-25 19:58

African Bank Investments has advised shareholders regarding settlement agreements concluded between Abil and empowerment shareholders.

Reserve Bank lifts lid on African Bank demise

2016-05-12 17:48

The business of African Bank was conducted negligently in certain respects, according to a report made public by the SA Reserve Bank.

African Bank ex-directors rebuff R2bn claim

2016-04-21 19:51

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.

Latest on African Bank restructuring

2016-03-03 19:57

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 forecasts return to profit by 2017

2015-09-09 14:23

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.

Legal boost for African Bank restructuring

2015-06-30 11:52

New legislation is enabling the curator of African Bank to initiate the next step to restructure African Bank and create a "Good Bank".

How African Bank debt instrument works

2015-05-29 11:01

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.

Lewis Group gains market share

2015-05-27 10:16

Furniture retailer Lewis Group has reported a strong second-half performance and gained market share in a competitive environment, says CEO Johan Enslin.

African Bank: How we managed the collapse

2015-05-09 07:51

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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