Reserve Bank to look for “long-term solution” for Abil

JOHANNESBURG (Reuters) – South Africa's central bank said on Wednesday it would meet with the board and senior management of African Bank Investments to discuss "viable, long-term solutions" for the troubled mass-market lender.

Abil, as the bank is widely known, warned on Wednesday it needed to raise around $800 million from shareholders after it flagged a full-year loss and its chief executive quit.