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 says total comprehensive loss for 6 mths to March 31 of 2.78 billion rand
7:30pm IST 

African Bank Ltd : Total comprehensive loss for 6 mths to march 31 2.78 billion rand versus 5.89 billion rand year ago . Income from operations for 6 mths to march 31 6.22 billion rand versus 7.73 billion rand .Credit impairment charge for 6 mths to march 31 of 5.42 billion rand versus 8.54 billion rand year ago.  Full Article

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

Old Mutual shortlists four buyout funds for Italian wealth unit deal - sources

LONDON, June 20 Four private equity funds have made it through to the final stages of an auction to buy the Italian wealth arm of Old Mutual as the financial services group presses ahead with a break-up plan, sources familiar with the matter said.