Monday, August 11, 2014

S.African central bank rescues troubled lender

PRETORIA, August 10 – South Africa’s central bank stepped in to rescue embattled lender African Bank Investments Limited Sunday after its share price plummeted and it said it needed 8.5 billion rand ($800 million) to continue operating. The bank has been put under curatorship — or administration — and will receive a 10 billion rand […]

Read more here Capital Business