HILARY JOFFE: Let’s hope Ubank comes out of curatorship like African Bank, not VBS
19 May 2022 - 17:30
As Reserve Bank governor Lesetja Kganyago put it when he announced that one of SA’s smallest banks, Ubank, had been put under curatorship: “This is a very strange situation.”
The curatorship is a strange and unusual story. But the bank itself has an unusual and complicated story, which is about SA’s history of mining and migrant labour — and the efforts to repair things in recent decades...
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