SARB Recoups 3.3 Billion Rand Loan Made to Failed Abil UnitBy
Residual Debt Services repaid money after collecting on loans
Any money collected will now go into an indemnity fund
Residual Debt Services Ltd., which took on the non-performing loans of African Bank Investments Ltd.’s lending unit after it failed, said it paid 3.3 billion rand ($231 million) to the South African Reserve Bank to settle credit that was first extended in 2014.
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