African Bank to raise R4bn amid consumer credit fears
African Bank Investments, South Africa’s biggest unsecured lender, is set to raise up to R4bn ($406m) through a fully underwritten rights issue, strengthening its balance sheet as concerns grow around the retail lending market.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts