Teba Fund Trust still waiting for R80m proceeds from sale of Ubank

Trust wants Reserve Bank governor, minister of finance to resolve impasse

03 December 2023 - 00:00

Teba Fund Trust (Teba), which administered Ubank until it was placed under curatorship, says it has not received the proceeds of an R80m sale of the bank to African Bank. It wants the governor of the Reserve Bank and the finance minister to intervene. ..

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