Wednesday, 16 September 2026

African Bank says its listing is deferred while a consolidation phase, expected to last 12 to 18 months, produces a track record of results the market can trust.

African Bank is consulting unions over a Section 189 process that could affect about 1,200 employees, describing the retrenchments as necessary to make consolidation work.

The US visa restrictions target an undisclosed list of people, likely government officials and possibly opposition figures, rather than South Africans applying generally for American visas.

African Bank’s chair says a tribunal ruling concerning more than R680 million in inter-company transactions had no financial impact because the bank had already reconciled its position.

A valid South African will should identify assets and beneficiaries, appoint an executor, be signed before two witnesses, be stored safely and updated after major life changes.