Bank & Insurance
South African Reserve Bank seeking adviser for the sale of its 50% stake in African Bank

South African Reserve Bank seeking adviser for the sale of its 50% stake in African Bank

La tâche risque d’être contrariée par une conjoncture difficile alors que l’établissement de crédit peine à retrouver sa vigueur d’avant sa cessation des paiements.The task is likely to be thwarted by difficult market conditions as the credit institution struggles to regain the powerful position it enjoyed prior to its suspension of payments.

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            ▪ South African Reserve Bank seeking adviser for the sale of its 50% stake in African Bank

▪ La tâche risque d’être contrariée par une conjoncture difficile alors que l’établissement de crédit peine à retrouver sa vigueur d’avant sa cessation des paiements.The task is likely to be thwarted by difficult market conditions as the credit institution struggles to regain the powerful position it enjoyed prior to its suspension of payments.

http://www.jeuneafriquebusinessplus.com/en/803513/south-african-reserve-bank-cherche-un-conseiller-pour-ceder-ses-50-dans-african-bank/

12/03/2020 at 18h11, by Jeune Afrique Business+, updated 13/03/2020

The South African Central Bank is looking for an adviser to tie up the deal, which must be closed, at the latest, two years after finding a buyer.

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