African Bank will continue to be cautious with the extension of credit in the current environment as just under half of its clients have missed payments.

The bank swung from an interim loss of R158m in 2020 to a net profit after tax of R152m for the six months ending March, as bad debt expenses fell by more than half...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now