Tag - African Bank

BBBEE shares: the good, the bad, and the ugly

Patience is likely to continue to be rewarded, and volatility could open opportunities for those who missed the bus the first time to get onboard, writes Craig Gradidge. 2014 was another interesting year for BBBEE share investors and the year ahead holds the promise of further excitement. What is clear now is that these schemes are not without...

African Bank: lessons for investors

The recent collapse of African Bank caught thousands of investors and bank clients off-guard while at least two large asset managers were caught with their pants down, so to speak. Instead of shaking your head at the magnitude of the losses, this is a good time to examine the fallout and extract the lessons that you can learn as an investor...

African Bank and your money

African Bank provides clarity on what will happen to both depositors’ and borrowers’ money. If a retail client had deposited funds with ABIL what happens to their money? Will they get it back and would they receive the same rate of interest? As indicated by the Governor of the Reserve Bank, Gill Marcus, all retail customer deposits including...