The commencement of operations at Good Bank has been set for April 4‚ Webber Wentzel and Linklaters said on Thursday “Subject to a number of conditions being fulfilled‚” a joint statement said‚ this would be “a significant milestone in the delivery of the African Bank restructuring” process.African Bank Limited of South Africa was placed under curatorship in August 2014‚ and the plans for the new bank have been received with the “overwhelming support of its creditors”.Webber Wentzel partner Johannes Gouws described it as “a long and complex process during which the complexities of restructuring a bank within the South African legal framework were highlighted”.Linklaters partner Richard Levy 3echoed this‚ saying: "It has been some years since a significant South African bank faced a crisis of this nature. This has led to an amendment of South African banking legislation‚ which marks the prospect of further banking resolution law reform in South Africa.”Gouws said this‚ SA’s only experience of a bank curatorship in recent history‚ was achieved “through the hard work of the curator and his advisory team‚ as well as the management teams at African Bank and Good Bank‚ and with the unwavering support of the South African Reserve Bank and National Treasury”.The Reserve Bank will be contributing to the R10-billion capitalisation to be used to establish the new group along with the Government Employees Pension Fund in South Africa and a consortium of South African banks...