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  - CAPETOWNETC.COM - A La Une - 22/Aug 16:00

SARB moves to liquidate small community bank

The South African Reserve Bank (SARB) has filed for the liquidation of the Ditsobotla Primary Savings and Credit Co-operative Bank Limited (DCB), a move it states is necessary to protect the institution’s depositors and creditors. This legal action, scheduled for a hearing on 29 August, follows the bank’s failure to meet critical financial obligations and implement corrective measures, despite being...

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