Key Developments: African Bank Investments Ltd (ABLJ.J)

ABLJ.J on Johannesburg Stock Exchange

11 Aug 2014
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Latest Key Developments (Source: Significant Developments)

African Bank Investments Ltd gives FY 2014 earning guidance and appointment of CEO
Wednesday, 6 Aug 2014 

African Bank Investments Ltd:Board has appointed Nithia Nalliah (Group Chief Financial Officer) to position of acting Chief Executive Officer and managing director of company with immediate effect.Nithia will continue to occupy position of Group Chief Financial Officer pending further appointments.Expects FY 2014 basic loss of at least 7.6 bln Rand and headline loss of at least 6.4 bln Rand for compared to basic loss and headline earnings of R4 199m and R365m for FY 2013.Expects FY 2014 loss per share is at least 543 cents per share whilst expected headline loss per share is expected to be at least 454 cents per share.  Full Article

Fitch Revises Rating Action on Investec Money Market Fund; Withdraws Ratings

(The following statement was released by the rating agency) LONDON, May 19 (Fitch) Fitch Ratings has revised its rating action on Investec Money Market Fund to an affirmation and removed the rating from Rating Watch Negative (RWN). It has simultaneously withdrawn the ratings. The rating actions are as follows: -Investec Money Market Fund National Fund Credit Quality Rating (NFCQR) affirmed at 'AA+(zaf)' and removed from RWN; rating withdrawn National Fund Volatility Rating (NFVR) affirmed a