Picture: SUPPLIED
Picture: SUPPLIED

Despite the negative effect of Covid-19 on the local economy, African Bank Holdings has returned to profitability.

The company which owns 100% of lender African Bank delivered an after-tax profit of R152m after a 55% decline in bad debts.

Business Day TV spoke to CFO Gustav Raubenheimer about the company’s performance.

African Bank Holdings CFO Gustav Raubenheimer talks to Business Day TV about how Covid-19 affected the lender

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