SIKONATHI MANTSHANTSHA: A success story to buy into
The SA Reserve Bank has led a successful rescue and turnaround of the African Bank Holdings group
11 July 2019 - 05:00
The SA Reserve Bank has led a successful rescue and turnaround of the African Bank Holdings group. When the bank presents its financial results for the year to end-September, it will tell the investing community that its annual profits came in at more than R1bn.
This will be the third consecutive year that the restructured bank reports a net profit since coming out of business rescue in April 2016. Three makes it a trend, and is a milestone for any serious investor. It also makes it the ideal time for the Bank to withdraw...
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.