In response, Sasfin expresses disappointment, pledging cooperation with Sars and commitment to tax compliance.
African Bank
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- Hot News
South African exec Kennedy Bungane-led African Bank acquires Sasfin Bank’s unit in $166-million deal
Under the leadership of Kennedy Bungane, African Bank Limited has experienced massive growth, becoming one of the fastest-growing financial services providers in …
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Bungane underscores the audacity necessary to transition African Bank from a mono-line credit lender to a comprehensive retail and business bank.
- Southern Africa
South African exec Kennedy Bungane-led African Bank expands with $170-million Sasfin unit acquisition
This acquisition follows African Bank’s earlier acquisition of Grindrod Bank and Grindrod Financial Holdings.
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Grindrod Limited is owned in part by Remgro Limited, Rupert’s investment holding.
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Grindrod is a freight logistics and shipping services company owned in part by Rupert’s Remgro Limited.