African Bank says 8% of branch network was hit by looting
The group says 32 of its 396 branches were hit by social unrest last week, and it is still counting the costs after extensive damage
21 July 2021 - 12:31
SA’s sixth-largest retail bank by customers, African Bank, says 8%, or 32, of its branches were hit by looting and social unrest last week, with the group still counting the costs and assessing when it can reopen them.
Of the 32 damaged branches, 17 are situated in shopping centres in KwaZulu-Natal and 15 are in the townships and surrounding areas of Gauteng, the group said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.