SARB looks to exit African Bank as its major shareholder

PUBLISHED: Fri, 14 Feb 2020 15:17:50 GMT

The South African Reserve Bank is going ahead with the sale of its stake in African Bank and is now looking for a transaction advisor to assist the central bank with the feasibility of disposing the 50 per cent shareholding it acquired from African Bank. Joining CNBC Africa to discuss this process is Basani Maluleke, CEO, African Bank.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.