ABIL(ity) to grow

January 2011
Finweek;1/20/2011, p34
The article reports on African Bank Investments Ltd. (ABIL) which has embarked on an aggressive drive to improve sales and credit extension and has introduced new products to enable consumers to access greater amount of credit. It also reports on its acquisition of Ellerine Holdings Ltd. whose earnings increased by 35 percent. According to the analysts, the improved consumer spending should convince the South African Reserve Bank to keep interest rates unchanged.


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