Residual Debt Services Ltd

Residual Debt Services Limited is the same legal entity as the old (predecessor) African Bank Limited. RDS operates under the curatorship of Craig Du Plessis , subject to the supervision of the Registrar of Banks.

Background 

The old African Bank, a subsidiary of JSE-listed African Bank Investments Limited renamed African Phoenix Investment Limited, was placed under curatorship by the South African Reserve Bank in 2014. Together with a consortium of local banks, the Reserve Bank and the Government Employees Pension Fund undertook to capitalise a new bank, which would acquired the restructured liabilities and a viable portion of the business of the old African Bank. 

The old African Bank surrendered its banking license on 4 April 2016 and was renamed Residual Debt Services Limited (RDS). That day, a new legal entity was established as African Bank Limited (African Bank), with a new holding company, African Bank Holdings Limited. 

All new business written from 4 April 2016 is attributed to the new African Bank. The residual book and other balance sheet positions were left in RDS. 

For more details on the restructuring, please send us an email: [email protected]


  • 10 Dec 2018
    Residual Debt Services Year end Results
  • 10 Dec 2018
    RDS Limited presentation for the year ended 30 September 2018
  • 10 Dec 2018
    RDS Limited Statement by Mr C Du Plessis, curator of RDS Limited
  • 10 Dec 2018
    RDS Limited Media release on results for the year ended 30 September 2018
  • 10 Dec 2018
    RDS Limited audited annual financial statements for the year ended 30 September 2018
  • 06 Dec 2018
    RDS Limited – Stub instruments face value 30 November 2018
  • 15 Nov 2018
    RDS Postponement of publication of FY 2018 Results
  • 06 Nov 2018
    RDS Limited – Stub instruments face value 31 October 2018
  • 03 Oct 2018
    RDS Limited – Stub instruments face value 30 September 2018
  • 21 Sep 2018
    RDS Limited – Stub instruments face value 31 August 2018
  • 15 Aug 2018
    RDS Limited – Stub instruments face value 31 July 2018
  • 17 Jul 2018
    Media Release : RDS Pays out a further R650 million to senior stub holders
  • 11 Jul 2018
    RDS Limited – Stub instruments face value 30 June 2018
  • 11 Jul 2018
    RDS Limited – Stub instruments face value 31 May 2018
  • 24 May 2018
    RDS Limited presentation for the six months ended 31 March 2018
  • 24 May 2018
    RDS Limited Statement by Mr C Du Plessis, curator of RDS Limited
  • 24 May 2018
    RDS Limited Media release on results for the six months ended 31 March 2018
  • 24 May 2018
    RDS Limited Un audited Condensed Interim Financial Statements 31 March 2018
  • 03 May 2018
    RDS Limited – Stub instruments face value 30 April 2018
  • 20 Apr 2018
    Residual Debt Services appoints Craig Du Plessis as curator
  • 03 Apr 2018
    RDS Limited – Stub instruments face value 31 March 2018
  • 01 Mar 2018
    RDS Limited – Stub instruments face value 28 February 2018
  • 27 Feb 2018
    Outcome of the audit into the loan book of Residual Debt Services Limited
  • 01 Feb 2018
    RDS Limited – Stub instruments face value 31 January 2018
  • 16 Jan 2018
    Interest Payment Notification – Residual Debt Services senior transferable stub and senior non-transferable stub instruments
  • 16 Jan 2018
    Media release RDS pays out R500 million to senior stub holders
  • 01 Dec 2017
    RDS Limited – Stub instruments face value 30 September 2017
  • 22 Nov 2017
    RDS Limited Results presentation for the year ended 30 September 2017
  • 22 Nov 2017
    RDS Limited Statement by Mr T Winterboer, curator of RDS Limited
  • 22 Nov 2017
    RDS Limited Media release on results for the year ended 30 September 2017
  • 22 Nov 2017
    RDS Limited Audited annual financial statements for the year ended 30 September 2017
  • 22 Nov 2017
    RDS Limited Results for the year ended 30 September 2017 - presentation podcast
  • 22 Nov 2017
    RDS Limited Results for the year ended 30 September 2017 - presentation transcript
  • 13 Oct 2017
    RDS Limited – Stub instruments face value 30 September 2017
  • 04 Oct 2017
    Residual Debt Services fully funds R 3 billion Indemnity Facility
  • 08 Jun 2017
    RDS Limited Unaudited interim financial statements for the six months ended 31 March 2017
  • 08 Jun 2017
    RDS Limited Media release on results for the six months ended 31 March 2017
  • 08 Jun 2017
    RDS Limited Statement by Mr T Winterboer, curator of RDS Limited
  • 08 Jun 2017
    RDS Limited Results presentation for the six months ended 31 March 2017
  • 08 Jun 2017
    RDS Limited Results presentation Podcast
  • 23 Feb 2017
    Transcript RDS Full Year 2016 results 16022017 final
  • 16 Feb 2017
    RDS Limited Results presentation for the year ended 30 September 2016
  • 16 Feb 2017
    RDS Limited Statement by Mr T Winterboer, curator of RDS Limited
  • 16 Feb 2017
    RDS Limited Media release on results for the year ended 30 September 2016
  • 16 Feb 2017
    RDS Limited Audited annual financial statements for the year ended 30 September 2016
  • 16 Feb 2017
    RDS Limited Results Podcast
  • 15 Sep 2016
    RDSL Stub Holder Letter SARB Loan Repayment Notice
  • 30 Jun 2016
    African Bank Limited (Renamed RDS) March 2016 Unaudited Interim Financial Statements
  • 30 Jun 2016
    African Bank H1 RDS results 2016 Presentation Final
  • 30 Jun 2016
    ABKI SENS March 16 RDS Results Final
  • 27 Jun 2016
    Release of the unaudited interim results for Residual Debt Services Limited (under curatorship)
  • 04 Apr 2016
    Residual Debt Services Limited - Swiss prospectus for Senior Transferable Stub Instruments
  • 04 Apr 2016
    Residual Debt Services Limited - Term Sheet for Senior Non-Transferable Stub Instruments
  • 04 Apr 2016
    Residual Debt Services - Term Sheet for Senior Transferable Stub Instruments
  • 04 Apr 2016
    Residual Debt Services Limited - Term Sheet for Subordinated Stub Instruments
  • 04 Apr 2016
    Residual Debt Services Limited - Terms and Conditions of the Stub Instruments