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Black ownership in banking sector remains low

African Bank’s open listing offers a good example of how direct black ownership in the financial services sector can rise above the stubborn 25% minimum agreed upon by the Financial Services Charter in 2010

South-africa , South-african , Mteto-nyati , Kennedy-bungane , African-reserve-bank , Eskom , Labour-council-nedlac-financial-sector-summit , Association-of-black-securities , Grindrod-bank , African-bank , National-economic-development , Banking-association-of-south-africa

African Bank CEO on Grindrod Bank, Ubank acquisitions

The moves are aligned with our strategy of repositioning African Bank to fulfil a particular need in this industry through our highs and lows: CEO Kennedy Bungane.

South-africa , Kennedy-bungane , Fifi-peters , Jimmy-moyaha , Prudential-authority , National-credit-regulator , Grindrod-bank , African-bank , Im-jimmy-moyaha , Competition-tribunal , National-credit , Grindrod-limited

African Bank to acquire majority of UBank's assets and liabilities in R80m deal

With Covid-19, came a flood of new telehealth (virtual consulting) healthcare solutions, exposing more patients to its benefits and features...

Kennedy-bungane , African-bank-myworld , Grindrod-bank , African-bank , African-bank-excelerate ,

African Bank to add 4.7 million clients with Ubank acquisition

African Bank to add 4.7 million clients with Ubank acquisition
businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.

South-africa , Johannesburg , Gauteng , Kennedy-bungane , Enoch-godongwana , Africa-african-bank , Grindrod-bank , African-bank , Finance-minister-enoch-godongwana ,

African Bank to acquire Ubank ahead of JSE listing

African Bank will buy Ubank, potentially adding as many as 4.7 million retail customers and expanding its operations as it seeks to list on the JSE.

South-africa , South-african , Helen-nyambura , Kennedy-bungane , Enoch-godongwana , Unathi-mtya , Grindrod-bank , African-bank ,

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.

Kennedy-bungane , Gustav-raubenheimer , Basani-maluleke , African-bank , Debt-services-ltd , Residual-debt-services ,

African Bank eyes growth in business banking with R1.5bn deal to buy Grindrod Bank

African Bank has acquired 100% of Grindrod Bank. The deal, worth R1.5 billion, will give African Bank an existing corporate and SME client base.

Kennedy-bungane , David-polkinghorne , Grindrod-bank , African-bank ,