African Bank Limited has been placed under curatorship. This is a speech by Gill Marcus, the Governor of SARB (South African Reserve Bank): Against the backdrop of African Bank’s parent company African Bank Investment Limited’s (ABIL’s) trading update on Wednesday, 6th August, 2014, the SARB, in consultation with the Minister of Finance, has decided to implement a number of support measures. These will further strengthen the resilience of the banking system as a whole, and, importantly, they will provide African Bank with the best chance of a viable future. As you … Read the full article…