African Bank Group celebrates 50 years with 15% Profit Growth.

Loading player...

GUEST – Kennedy Bungane – CEO of African Bank

We are joined in studio by Kennedy Bungane, CEO of African Bank Group, as the institution marks its 50th anniversary with a solid set of interim results and continued strategic momentum.

For the six months ending 31 March 2025, African Bank reported a 15% increase in net profit after tax to R202 million, driven by strong execution of its Excelerate strategy. The results underscore the Group’s successful evolution into a fully-fledged, diversified banking institution, now serving over 6.1 million customers across personal and business segments

26 May 4PM English South Africa Business News · Investing

Other recent episodes

Mango Airlines Heading Towards Final Winding Down

Guest – Sipho Sono – Business Rescue Practitioner At Mango Airlines Low-cost carrier Mango Airlines is heading towards a final winding down after the investor waiting to acquire it pulled out of the process. In a circular published by the Business Rescue Practitioners (BRPs), the group confirmed that the investor,…

20 Aug 1PM 11 min

Minister’s Decision To Dissolve SA Tourism Board Raises Governance Red Flags

Guest - Parmi Natesan, CEO of IoDSA The Minister of Tourism decision to dissolve the SA Tourism board over what has been described as an unlawful meeting during which it appears to have been resolved that the CEO of the organisation would be suspended following various allegations.

20 Aug 1PM 9 min

Competition Commission’s Take On The Rand Manipulation Case

Guest – Makgale Mohlala - Competition Commission Head of Cartels Local and international banks, previously cleared by the Competition Appeal Court (CAC) of allegations regarding their collusion to manipulate the rand against the US dollar, now face renewed scrutiny as the Competition Commission prepares to take the matter to trial…

20 Aug 1PM 12 min

Inside Your Business - What Does It Take To Build A Successful Restaurant Chain In SA

Guest – Ryan Pellatt, Operations Executive at Fournews [Owners of News Café, Soul Souvlaki and MOYO] What’s driving restaurant industry success in South Africa? According to Stats SA, income from the food and beverages industry grew by 4.5% year-on-year in May 2025, with 95% of South Africans dining out at…

20 Aug 12PM 19 min

Fewer Salaries Paid Within The R40,000 R100,000 Salary Range

Guest – Elize Kruger - Independent economist New salary data from BankservAfrica shows that fewer salaries are being paid over R40,000 a month, pointing to increased job losses among higher earners in South Africa. This is more broadly reflected in average pay data, which declined slightly in July 2025, falling…

20 Aug 12PM 8 min

All episodes