Share

Equities remain suspended, Abil cautions

Johannesburg - Investors of African Bank are advised that the curatorship of the bank and the restructuring initiatives in respect of African Bank Investments [JSE:Abil] remain ongoing.

"During this time, trading in both the debt securities of the bank and the equity securities of Abil will remain suspended," according to a Sens report issued on Monday.

"Further to the cautionary announcements released on Sens on July 7 2014 and August 11 2014, Investors are. therefore, advised to continue to exercise caution when dealing in the debt securities of the bank and the equity securities of Abil, until a detailed announcement is made."

Tom Winterboer of PwC was appointed as curator of African Bank on August 10 2014 to manage the affairs of the bank.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Do you think corruption-accused National Assembly Speaker Nosiviwe Mapisa-Nqakula will survive a motion of no confidence against her?
Please select an option Oops! Something went wrong, please try again later.
Results
No, her days are numbered
41% - 500 votes
Yes, the ANC caucus will protect her
59% - 710 votes
Vote
Rand - Dollar
18.90
+0.2%
Rand - Pound
23.86
+0.2%
Rand - Euro
20.36
+0.3%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE