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Cape Business News
May 20, 2021
CBN Audio:
ACCESS Bank Plc has entered into a definitive agreement with GroCapital Holdings in October 2020 to invest into Grobank Limited over two tranches.
Access Bank Plc has received the approval of the Prudential Authority of the South African Reserve Bank for the Bank’s transaction to obtain a controlling interest in Grobank Limited following its investment of Tier 1 capital into the Bank. This will enable Grobank to further accelerate its objectives around business diversification, improved operational efficiencies, talent retention as well as robust governance.
Bennie van Rooy, CEO of Grobank, hailed this transaction as an exciting event for the South African banking industry: “The entry of Access Bank Plc into the South African banking sector will enable us to provide sustainable support to our existing customers and target new customers with a presence across the African continent.
Cape Business News
May 20, 2021
CBN Audio:
ACCESS Bank Plc has entered into a definitive agreement with GroCapital Holdings in October 2020 to invest into Grobank Limited over two tranches.
Access Bank Plc has received the approval of the Prudential Authority of the South African Reserve Bank for the Bank’s transaction to obtain a controlling interest in Grobank Limited following its investment of Tier 1 capital into the Bank. This will enable Grobank to further accelerate its objectives around business diversification, improved operational efficiencies, talent retention as well as robust governance.
Bennie van Rooy, CEO of Grobank, hailed this transaction as an exciting event for the South African banking industry: “The entry of Access Bank Plc into the South African banking sector will enable us to provide sustainable support to our existing customers and target new customers with a presence across the African continent.
Access Bank receives regulatory approval to acquire S African lender thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
Helios Fairfax Partners Corporation: Financial Results for the Year Ended December 31, 2020
03/05/2021 | 05:23pm EDT
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All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)
Helios Fairfax Partners Corporation (TSX: HFPC.U) (formerly Fairfax Africa Holdings Corporation ( Fairfax Africa )) announces fiscal year 2020 net loss of $206.6 million ($3.31 net loss per diluted share), compared to fiscal year 2019 net loss of $61.2 million ($1.01 net loss per diluted share), reflecting increased net realized losses on investments, transaction expenses and net foreign exchange losses in 2020.