Trade of Abil shares, debt suspended

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African BankThornTree Independent Newspapers Photo: Simphiwe Mbokazi.

Johannesburg - Trade of shares and bonds issued by troubled South African lender African Bank Investments has been suspended on the Johannesburg Stock Exchange, the bank said in a statement on Monday.

The suspension, with immediate effect, follows a 17 billion rand rescue plan of the unsecured lender by the South African Reserve Bank announced on Sunday. - Reuters

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