African Bank gets the Green Light on Grindrod Bank Acquisition

Its a Go! African Bank buys Grindrod Bank.

Published in:

The Competition Tribunal has approved African Bank’s acquisition of Grindrod Bank with no conditions and has issued them with a merger clearance certificate.

African Bank hopes to use the R1.5 billion acquisition to drive their expansion into South African business-banking sector.

“This is an important step in the process of final incorporation and we commend the Commission and the Tribunal for their hard work and swift decisions.”

Kennedy Bungane – African Bank CEO

To read the full article visit BusinessTech, ‘Tribunal approves African Bank acquisition of Grindrod Bank.

Scroll to Top