ANDILE KHUMALO: Buying a bank is tricky, but African Bank cut a better deal than Capitec
The first thing you want to get right in buying a business is price, writes Andile Khumalo
05 June 2022 - 08:03
There are many reasons why companies acquire other companies. The consultants and advisers will tell you it's about accelerating a vision, looking for cost-effective synergies or growing an existing customer base.
In African Bank’s case it needs to build rapidly in a fast-changing financial services market after it was rehabilitated by the South African Reserve Bank and other banks during a curatorship process...
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.