African Bank, which emerged out of one of SA’s biggest bank collapses, was thrown into a leadership crisis on Monday when CEO Basani Maluleke resigned abruptly on the eve of its release of year-end results.

Maluleke’s resignation, effective at the end of April, to pursue other career opportunities, leaves African Bank in the middle of a strategic growth push that includes acquisitions, bulking up its digital offering and diversifying its product offering to reduce its reliance on risky but lucrative unsecured loans...

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