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After a strong year, African Bank tightens lending taps amid 'a lot of pain' for consumers

African Bank tightened its risk appetite in August and again in October.

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African Bank CEO on his 'audacious' goal: 'We are no longer a micro-lender'

African Bank wants to rely less on unsecured loans. It has set a target to cover 80% of its total expenses from non-interest income by 2025.

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Are you on board for the Cape 1000?

Car enthusiasts, young and old alike, have lots to look forward to next week when the first-ever Cape 1000, a classic car rally tribute to Italy’s ico

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Are you on board for the Cape 1000? | Zululand Observer

Car enthusiasts, young and old alike, have lots to look forward to next week when the first-ever Cape 1000, a classic car rally tribute to Italy’s ico

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Are you on board for the Cape 1000?

Car enthusiasts, young and old alike, have lots to look forward to next week when the first-ever Cape 1000, a classic car rally tribute to Italy’s ico

Italy , South-africa , Franschhoek , Western-cape , Hermanus , Free-state , Camps-bay , Ferrari-daytona , Gustav-raubenheimer , Michelle-gambly-grobler , Dave-alexander , Stirling-moss

Are you on board for the Cape 1000? | Potchefstroom Herald

Car enthusiasts, young and old alike, have lots to look forward to next week when the first-ever Cape 1000, a classic car rally tribute to Italy’s ico

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Are you on board for the Cape 1000? | Carletonville Herald

Car enthusiasts, young and old alike, have lots to look forward to next week when the first-ever Cape 1000, a classic car rally tribute to Italy’s ico

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African Bank plots a slow course back to the JSE

New growth strategy and better profitability might help attract a buyer for the Reserve Bank's stake.

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African Bank reels in new CEO once shunned by Absa's Maria Ramos

African Bank reels in new CEO once shunned by Absa's Maria Ramos
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Outgoing African Bank CEO Basani Maluleke: Bank's success a 'team effort'

Much of the process had started before Maluleke became CEO and the bank had an incredibly good executive committee that would continue to take it forward, Dloti said.
Maluleke joined the board as a non-executive director in 2015, when the bank was still under curatorship, before becoming CEO in April 2018.
Business Times has seen an emotional videotaped farewell to African Bank's more than 3,700 staff this week in which Maluleke thanked them for supporting her in building "the dream of a world-class bank for all South Africans".
"I have loved being your leader," she told staff in the video.
Her departure was announced just ahead of the bank's financial results for the year to end-September 2020, which showed it has made great strides in building its retail deposit book and digital transactional banking platform as it shifts away from the monoline business model, focused on unsecured lending, that was one cause of its failure in 2014.

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