SARB to look for Abil “long-term solution”

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Johannesburg - South Africa's central bank said on Wednesday it would meet with the board and senior management of African Bank Investments to discuss “viable, long-term solutions” for the troubled mass-market lender.

Abil, as the bank is widely known, warned on Wednesday it needed to raise around R6.4 billion from shareholders after it flagged a full-year loss and its chief executive quit. - Reuters

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