Johannesburg - The SA Reserve Bank (Sarb) will make an announcement about planned measures for troubled mass-market lender African Bank Investments [JSE:ABL] at 16:00 on Sunday, it said in a statement on its website.
Investors fled shares of the bank last week after the unsecured lender said it needed to raise R8.5bn from a flood of loans gone bad, raising concerns about its ability to ride out the crisis.
On the JSE on Friday Abil maintained a slide triggered on Wednesday when it had first warned it needed to raise the R8.5bn after flagging an annual loss and the departure of its chief executive.
Abil fell 40% to 30 cents on Friday after briefly touching a record low of 20c in the previous session.