Tag: basani maluleke
African Bank reported a half-year loss after taking a R550 million charge for bad debts. The company made a net loss after tax of 111 million rand compared to a profit of R533 million in the same period last year. African Bank CEO, Basani Maluleke joins CNBC Africa for more.
The Covid-19 lock-down has put pressure on individuals and businesses’ finances like never before. But what can be done to ease the pressure? Basani Maluleke, CEO, African Bank joins CNBC Africa for more.
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.
African Bank says the launch of its on-line banking channel, MyWorld has led to an increase in trust and retail depositors. The bank says retail customer deposits jumped 115 per cent to R2.4 billion vs R1.1 billion in the previous year. African Bank’s credit-loss ratio improved to 7 per cent from 11.7 per cent while its gross advances book is up 9 per cent to R30 billion. African Bank CEO, Basani Maluleke joins CNBC Africa for more.
African Bank is reporting profit of R533 million for the six months ended 31 March 2019. The insurance and financial insurance services group are clamping down on credit underwriting. Joining CNBC Africa for more is Basani Maluleke, Group CEO, African Bank.
African Bank has officially thrown its hat into South Africa's growing and competitive digital banking sector. Their new product, MyWORLD, is set to offer the cheapest rates for transactional accounting across South Africa. Joining CNBC Africa for more is Basani Maluleke, CEO of African Bank.