Reserve Bank to list African Bank after investors’ offers disappoint 🔒
The SA Reserve Bank says it is planning to list African Bank rather than sell it directly to investors after expressions of interest from prospective buyers were deemed unsatisfactory.
The SARB, which owns 50% of African Bank, had appointed corporate financiers including Rothschild, Bank of America and Moshe Capital, to advise it on a planned two-phase process that would allow it to exit its stake either through a sale to investors or via a possible listing.
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