With spanking new, solid financial base, African Bank’s challenge shifts to rebuilding trust.

By Alec Hogg

In an investment world which pays too much attention to “quarteritis”, it’s unusual to come across a business which requests its financial progress be judged on a Five Year Plan.

Given African Bank’s history, few would deny it such leniency. And on that basis, results for the half year end March 2018 released today will delight those who bailed out an organisation which less than four years ago was on the brink of disaster.

The solid base being built at the SA financial sector’s phoenix should also encourage sceptical retail savers to take another look at highly attractive interest rates (up to 10.5%pa) available from a name most will remember for its existential crisis.

On a broader scale, while it’s still very early days, today’s African Bank looks to be…

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