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Home>Topics>>UPDATE 1-S.Africa's Abil faces $34 mln fine for "reckless" loans

UPDATE 1-S.Africa's Abil faces $34 mln fine for "reckless" loans

Reuters: Financials

Fri, 8 Feb 2013

JOHANNESBURG, Feb 8 (Reuters) - South Africa's biggest unsecured credit lender, African Bank Limited, said on Friday the national credit watchdog had proposed a 300 million rand ($34 million) fine following an industry-wide probe into possible reckless lending.

Read the rest of this article on Reuters: Financials

Related Topics:

  1. Africa
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