Trustees unhappy with R80m sale of Ubank to African Bank
Teba Trust Fund to appoint a financial expert to look into the deal, but the Reserve Bank rejects insider’s assertion that an offer from Nigeria’s Access Bank is superior
04 September 2022 - 00:04
Trustees of troubled Ubank, which is under Reserve Bank curatorship, have expressed deep dissatisfaction with the decision to sell a majority stake to African Bank for R80m. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.