African Bank Ready for April Comeback as Risk of Bad Loans Rises

  • Provider of unsecured loans on track to restart in April
  • Rising interest rates putting pressure on consumers' debt

South Africa’s deteriorating economy may lead to an increase in bad loans, according to the administrator of African Bank Investments Ltd., the South African lender which plans to restart operations in two months after being nursed back to health since its collapse in August 2014.

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