African BankThornTree
Independent Newspapers

How aggressive lending led to Abil’s downfall

For years African Bank, known as Abil, made high-interest loans to millions of lower-income, black South Africans.

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Coal
Independent Newspapers

Exxaro profit up on higher coal exports

Exxaro Resources reported an 11 percent increase first-half profit on higher exports and said prices are expected to remain under pressure for the rest of the y... Read Story

AfricanBankBranch1
Reuters.

African Bank contagion multiplies

“The South African government’s sovereign debt must be under threat.”

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Items 41 - 50 of 121

Rand slips as US dollar gets a boost
August 19 2014 at 11:33

South Africa's rand weakened as encouraging economic reports in the United States pushed the dollar higher.

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Investors can separate African Bank debt
August 19 2014 at 10:46

Funds holding the debt of African Bank, the failed South African lender, can segregate it from their other securities.

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Shoprite profits miss forecasts
August 19 2014 at 10:38

Shoprite full-year profit missed analysts’ estimates as the food retailer invested in new stores and electricity costs increased.

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Sun International cuts African interests
August 19 2014 at 04:54

Sun International will dispose of a significant portion of its interests in its African assets.

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Super Group lands contract for Transnet’s fleet
August 19 2014 at 05:05

Super Group has secured a major Transnet fleet management contract and set its sights on securing more parastatal and government contracts.

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African import levies dent vehicle exports
August 19 2014 at 05:04

Exports of South African-produced vehicles into Africa are declining because of import levies introduced by some countries on the continent.

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Land Bank: Profit harvest up 29% from last year
August 19 2014 at 05:11

The Land Bank recorded a net profit of R394.3 million in the 2013/14 financial year, a 29.4 percent increase from the previous financial year, it said in its annual report released yesterday.

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Adcock falls on outlook
August 19 2014 at 04:57

Adcock Ingram flagged nine-month losses and gave a gloomy outlook yesterday, pushing its shares to their lowest closing level in almost five years.

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Massmart to reinstate dismissed workers
August 18 2014 at 20:35

Massmart has initiated a plan to reinstate employees who were retrenched in 2009 and 2010, the Competition Commission said.

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PwC fined R266m for altering probe report
August 18 2014 at 18:18

PricewaterhouseCoopers was fined R266 million after sanitising a report to regulators, New York’s top bank regulator said.

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Items 41 - 50 of 121

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