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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.


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