Nene: Banks healthy despite African Bank

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African BankThornTree Independent Newspapers Photo: Simphiwe Mbokazi.

Cape Town - South Africa's banking sector remains robust and health and there is no indication that any other institution has been affected negatively by troubled lender African Bank Investments, Finance Minister Nhlanhla Nene said on Thursday.

“There is ongoing engagement with Abil on the challenges that confront it and measures to resolve these challenges are currently under discussion,” Nene said after a cabinet meeting. - Reuters

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