JOHANNESBURG – Troubled South African lender African Bank, said on Thursday its so-called “good bank”, which contains its healthy assets, has been given a go-ahead to start operations by the central bank as well as a licence from the Financial Services Board.[pro_ad_display_adzone id=”70560″]
“Commencement of operations is dependent on the final registration of Good Bank as a bank under … the Banks Act,” African Bank Investments Ltd said in a statement.(Reuters)
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