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South Africa has launched a Deposit Insurance Scheme, safeguarding deposits up to R100,000 per depositor. Funding is set to come from bank premiums and a loan to the Codi. ....
Funders of the former African Bank will receive an extraordinary R600m payment handled by RDS, following the bank being placed under curatorship in 2014. Collaboration between RDS and African Bank has been ongoing since April 2016. ....
Sasfin Group’s headline earnings per share for the year to 30 June 2023 declined 19.4% to 366.18 cents from 454.43 cents per share a year earlier, mainly due to rising costs and higher impairments. ....
Sasfin Group s headline earnings per share for the year to 30 June 2023 declined 19.4% to 366.18 cents from 454.43 cents per share a year earlier, mainly due to rising costs and higher. ....
The curator of the old African Bank has settled the claims of the first group of creditors and has started paying the next set of creditors on the line, disbursing R214 million. ....