African Bank Holdings Limited

African Bank Holdings Limited

African Bank Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2018May 29 18


African Bank Holdings Ltd. announced unaudited consolidated earnings results for the six months ended March 31, 2018. For the period, the company reported operating profit before tax of ZAR 494 million against ZAR 345 million a year ago. Earnings from insurance operations was ZAR 371 against ZAR 280 million a year ago. Profit before tax and foreign exchange losses with insurance profits grossed up for tax purpose was ZAR 715 million against ZAR 501 million a year ago. Profit for the period was ZAR 448 million against ZAR 315 million a year ago.African Bank Limited and African Bank Holdings Limited Announce Board AppointmentsMay 28 18

The Board of African Bank Limited announced that Mr. Brian Riley and Ms. Happy Ralinala have been appointed as non-executive directors of the Bank and its holding company, African Bank Holdings Limited (ABH). Brian was Chief Executive Officer designate of the old Bank during curatorship and CEO of African Bank when the restructured Group and new bank commenced business on 4 April 2016. He stepped down as CEO on 31 March 2018. Happy is the National President of the Businesswomen’s Association of South Africa, a non-executive director of the Small Enterprise Finance Agency SOC Limited (SEFA) and a member of the China Europe International Business School (CEIBS) Africa International Advisory Board.African Bank Holdings Ltd. Announces Executive ChangesMar 29 18

African Bank announced the anticipated appointment of Ms. Basani Maluleke as Chief Executive Officer of African Bank Holdings Limited (the Group), effective 1 April 2018. The current CEO, Mr. Brian Riley, retires as CEO with effect from 31 March 2018. Basani has been an integral part of African Bank’s turnaround since her appointment as a non-executive in July 2015 and subsequent transition to the executive team on 3 July 2017, serving as Group Executive for Operations.


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