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Trade of Abil shares and debt suspended on Johannesburg bourse
August 11, 2014 / 6:21 AM / 3 years ago

Trade of Abil shares and debt suspended on Johannesburg bourse

JOHANNESBURG, Aug 11 (Reuters) - Trade of shares and bonds issued by troubled South African lender African Bank Investments has been suspended on the Johannesburg Stock Exchange, the bank said in a statement on Monday.

The suspension, with immediate effect, follows a 17 billion rand ($1.6 billion) rescue plan of the unsecured lender by the South African Reserve Bank announced on Sunday. (1 US dollar = 10.6635 South African rand) (Reporting by David Dolan; Editing by Ed Stoddard)

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