African Bank, which recently announced a R1.5bn deal to buy Grindrod Bank, is now seeking additional scale in an R80m deal to buy the assets of Ubank, which is under curatorship.
Ubank, with about 4.7-million accounts, has a strong presence across certain mining and rural communities, and was placed under curatorship in May for failing to maintain adequate capital levels...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
They shutting down every opportunity for other players to be in the league. What matters in SA is downplayed
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