African Bank

African Bank

African Bank Limited, is a retail bank in South Africa, that offers financial products and services. The Bank is licensed as a “locally controlled bank” by the South African Reserve Bank.

African Bank

Which bank owns African Bank?

African Bank Holdings is 50% owned by the Reserve Bank, with the Government Employees Pension Fund (GEPF) owning 25%. A consortium of five South African banks holds the other 25% on a pro-rata basis: Capitec (1%), Investec (2%), Nedbank (4%), Absa Trading and Investment (5%), Standard Bank (6%) and FirstRand (7%).

Is it safe to invest in African Bank?

The investment interest rates offered are usually worth the inconvenience as they are higher than ordinary savings accounts and there is absolutely no risk of losing your capital. This is different to other types of investments in which your money is invested in shares or commodities.

Does African Bank offer loans to blacklisted?

A credit provider will look at your credit report when considering your credit application. If you are blacklisted by any of South Africa’s credit bureaus, you will probably not be eligible for a loan.

How much do I qualify for at African Bank?

How much money can I borrow? With African Bank, you could qualify for a loan of up to R250 000. Which we deposit directly into your bank account.






Leave a Reply

Your email address will not be published. Required fields are marked *