African Bank puts much of Covid-19 behind it
However, it is not yet out of the woods as clients in default increased during the interim period
27 May 2021 - 13:52
UPDATED 27 May 2021 - 18:33
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...
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