We refer to recent media articles with regards to a bank’s licence and wish to highlight the following:Read more
The Board has taken note of an article which appeared recently in the press about a bank being at risk of having its banking licence revoked.
After finishing 2019 at around ZAR14 to the US dollar, the South African exchange rate experienced a significant fall due to the COVID crisis and March sovereign downgrade from the Moody’s rating agency. By April 2020, the counter was trading over ZAR19 to the US dollar (it’s weakest level ever).Read more
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