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African Bank

African Bank is a South African banking brand focused primarily on retail financial services for individual customers.

Last updated November 2, 2026

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Overview

African Bank Limited is a South African banking brand primarily serving individual customers. Its business belongs to the retail-finance sector and is generally associated with personal credit, savings and related financial services. Because no verifiable official website, Wikipedia path or other reliable source was provided, this entry does not expand on its founding history, scale, management or specific products.

Products and positioning

Controversies

  • 2021

    African Bank reports customer data compromised after Debt-IN ransomware attack

    African Bank reported that personal data of some customers was compromised after its debt recovery partner Debt-IN was targeted by a ransomware attack. The affected data included that of African Bank loan customers who had been under debt review. African Bank said it was notifying affected customers and had enhanced security measures.

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Recent events

  • African Bank launches Chat Banking on WhatsApp[2]

    Reported:

    African Bank launched Chat Banking on WhatsApp, allowing customers to chat directly with the bank. The service had been soft-launched in August.

  • African Bank reports customer data compromised after Debt-IN ransomware attack[1]

    Reported:

    African Bank reported that personal data of some customers, including African Bank loan customers who had been under debt review, was compromised after its debt recovery partner Debt-IN was targeted by a ransomware attack. African Bank said it was notifying affected customers and had enhanced security measures.

  • African Bank appoints Gustav Raubenheimer interim CEO[3]

    Reported:

    African Bank’s Board appointed CFO Gustav Raubenheimer as interim CEO, subject to approval by the Prudential Authority.

  • African Bank CEO Basani Maluleke resigns[4]

    Reported:

    African Bank announced that Basani Maluleke had resigned as group CEO and as an executive director on the boards of African Bank and African Bank Holdings Limited; the resignation takes effect on April 30.

  • African Bank announces sponsorship of Power 98.7 Chairman’s Conversation[5]

    Reported:

    African Bank announced that it would sponsor Power 98.7’s Chairman’s Conversation with President Cyril Ramaphosa, scheduled for 28 November.

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