African Bank, which recently announced a R1.5bn deal to buy Grindrod Bank, is now seeking additional scale in an R80m deal to buy the assets of Ubank, which is under curatorship.

Ubank, with about 4.7-million accounts, has a strong presence across certain mining and rural communities, and was placed under curatorship in May for failing to maintain adequate capital levels...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.