African Bank branch manager Thato Modubu African Bank opened its first branch last week since its official relaunch as an independent, standalone entity on 4 April 2016, at Africa’s newest and most exciting mall in Midrand – Mall of Africa. “For African Bank the opening is significant as it marks the beginning of a new era for the bank. What better way than to simultaneously open a new branch within such a landmark development,” says Alfred Ramosedi, African Bank Group Executive: Sales and Marketing. Mall of Africa intends to reach over 650 000 households in surrounding areas and African Bank aims to assist consumers in managing their financial health.  “We know it is very tough for many households to budget correctly right now, particularly when surrounded by so many retail offerings. In line with our commitment to responsible money management we have put together some useful tips to help navigate the many retail temptations,” adds branch manager Thato Modubu.  Ti...

Johannes Gouws The Curator of African Bank yesterday announced that the proposed restructuring of African Bank has received the overwhelming support of its creditors. This is a significant milestone in the delivery of the African Bank restructuring. Subject to a number of conditions being fulfilled, the target effective date for the commencement of the Good Bank operations and settlement of the exchange offers is 4 April 2016. Bringing their combined South African and international experience to bear, the alliance firms Webber Wentzel and Linklaters , together with Prinsloo, Tindle & Andropoulos Inc , have worked together with PwC throughout the period of the curatorship to help African Bank management, the Curator and other interested parties deliver what is a novel, very complex and highly bespoke resolution to the circumstances confronting African Bank.  “The restructuring of African Bank has been a long and complex process during which the complexities of restructu...