South Africa’s central bank said on Sunday it had put lender African Bank Investments under curatorship, as part of a rescue plan that will include a 10 billion rand ($939 million) capital injection.
A consortium of South Africa’s major lenders, including Standard Bank, Nedbank and FirstRand will underwrite the capital raising, South African Reserve Bank Governor Gill Marcus told a news conference.
($1 = 10.6540 South African Rand)
Source Reuters