African Bank is being beaten back into shape with digital plan

2019-03-25 07:22

African Bank Holdings is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the lender from its collapsed former parent.

Lack of funding limits probes into auditors, MPs told

2018-10-10 07:10

The Independent Regulatory Board for Auditors needs more funding to be able to implement investigations for the rising number of audit failures, members of Parliament have heard.

African Bank defendants are anxious to get certainty

2018-08-05 09:14

The attorney for 10 former African Bank directors has written to the Pretoria High Court, pressing for judgment on the matter brought by African Bank’s former empowerment partners.

African Bank appoints non-executive directors

2018-05-28 20:57

The board of African Bank Holdings has announced the appointment of Brian Riley and Happy Ralinala as non-executive directors of the bank and its holding company, African Bank Holdings Limited.

African Bank appoints new CEO

2018-03-29 14:31

Basani Maluleke will become the first black woman to head a commercial bank in South Africa when she takes over the CEO position on April 1.

Now Deloitte faces double probe

2017-12-17 06:00

Steinhoff International’s auditor joins KPMG in the dock as the regulator cracks down on audit failures.

New African Bank CEO looks to disrupt banking

2017-11-05 06:00

Basani Maluleke will be the first black woman banking CEO in SA should she take over African Bank in April 2018.

MMI, African Bank partner to expand fin services

2017-06-12 15:41

MMI Holdings announced a new partnership with African Bank which will see both entities expanding their service offerings for their client base.

New policy to protect South Africans from financial crisis

2017-06-01 07:25

The South African Reserve Bank and National Treasury have proposed a deposit insurance scheme to protect South Africans in the event of a bank failure.

African Bank looks to fire 652 staff

2017-05-21 06:01

African Bank this week issued notices to its staff related to a restructuring plan that will see as many as 652 staff members retrenched, a source told City Press.


African Bank bets on 'near-free' family banking

2018-11-14 12:42

African Bank believes it will be able to compete with the Big Five banks once its MyWORLD cheque account is launched to consumers early next year.

Louis von Zeuner resigns as chair of African Bank

2018-09-06 08:22

Board member Louisa Stephens will co-ordinate the boards’ activities until regulatory approval of a new chairperson is granted by the Prudential Authority.

African Bank's operating profits up 42%

2018-05-30 11:55

African Bank's operating profits have lifted by 42% in the six months ended March 31, thanks to lower credit impairment and better collection methods.

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.

Unsecured lending: SA sitting on another Steinhoff bubble - expert

2018-01-26 06:23

Reckless unsecured loans are at the centre of major business failures in SA and it is just a matter of time until the next bubble bursts, claims an expert.

Deloitte, directors in the dock for African bank’s failure

2017-11-12 06:00

In seeking damages, the empowerment partners of the collapsed bank are making a case for personal liability.

African Bank cuts 600 jobs to save R50m a year

2017-08-06 06:58

African Bank has reduced its staff complement by 636 full-time employees through a restructuring programme.

Deloitte headed to court to block claim

2017-06-04 06:01

Deloitte, the former auditor of African Bank Investments Limited, and ex-Abil directors have filed an exception to the summons served on them by Abil's former empowerment shareholders.

African Bank spends R72m on building transactional banking

2017-05-28 06:00

African Bank has spent R72 million of its R225 million budget on building a transactional banking unit as part of the company’s plan to double its client base over the next three years.

Millions owed in reversed debit orders put jobs, the indebted at risk

2016-12-04 16:22

Despite repeated requests by debt counsellors and payment distribution agencies for the department of trade and industry and the National Credit Regulator to intervene, the entire debt counselling industry could collapse.

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