Buying a bank is tricky, but African Bank cut a better deal than Capitec

The first thing you want to get right in buying a business is price, writes Andile Khumalo

05 June 2022 - 00:00

There are many reasons why companies acquire other companies. The consultants and advisers will tell you it's about accelerating a vision, looking for cost effective synergies, or growing an existing customer base.In African Bank’s case it needs to build rapidly in a fast-changing financial services market after it was rehabilitated by the South African Reserve Bank and other banks during a curatorship process.

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