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An investigation shows that African Bank granted more than 650 loans in a KwaZulu-Natal branch.
An investigation shows that African Bank granted more than 650 loans in a KwaZulu-Natal branch.

African Bank granted 670 reckless loans: NCR

Saturday 23 August 2014 06:33

An investigation by the National Credit Regulator has revealed that the African Bank granted almost 670 reckless loans mostly in one small town where consumers were unable to repay their debt.

African Bank granted 670 reckless loans: NCR

Saturday 23 August 2014 06:33

An investigation by the National Credit Regulator has revealed that the African Bank granted almost 670 reckless loans mostly in one small town where consumers were unable to repay their debt.

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Demand for Kenyan Treasuries, Nigerian bonds rising

Friday 22 August 2014 16:07

Demand for Kenyan Treasury bills is expected to rise at next week's auction as debtholders seek to re-invest debt that is maturing on Aug. 25, market participants said on Friday.   

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Business must reflect the composition of society: Mantashe

Friday 22 August 2014 06:26

ANC secretary-general, Gwede Mantashe says business must reflect a normal society in its composition.

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African Bank can be revived: Sam Motsuenyane

Thursday 21 August 2014 18:27

The founding chair, Sam Motsuenyane, still believes African Bank can be revived and stand among authentic African institutions.

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We did all we could to save African Bank: Marcus

Thursday 21 August 2014 17:56

South African Reserve Bank (SARB) governor Gill Marcus says there are lessons to be learnt following the failure of African Bank (Abil).

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Flower power! Dandelions make car tyres?

Thursday 21 August 2014 16:00

Gardeners consider it a weed. But dandelions could soon become a cash crop - and a source of rubber for vehicle tyres.

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Nigeria's GT Bank H1 profit down

Thursday 21 August 2014 14:08

Nigeria's Guaranty Trust Bank (GT Bank) on Thursday posted a 6.92% fall in half year pretax profit of 53.39 billion naira ($329.7 million), prompting a slide in its shares.

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Oil falls towards 14-month low

Thursday 21 August 2014 13:59

Brent crude oil fell towards $101 a barrel on Thursday, just above a 14-month low, on plentiful fuel supplies and Chinese economic data pointing to slowing demand.

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Nampak to invest $10 mln in Zimbabwe business

Thursday 21 August 2014 13:51

Nampak Ltd, Africa's biggest packaging firm, will invest $10 million in the next 12 months to expand its Zimbabwean business.

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NUM/Helam mine tussle over planned retrenchments

Thursday 21 August 2014 06:18

The National Union of Mineworkers says it is opposed to planned retrenchments of miners at the Helam Diamond mine near Swartruggens in North West.

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