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]
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18 Jun 2020RDS Limited Unaudited Interim Condensed Financial Statements for the six months ended 31 March 2020
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22 Nov 2019RDS Limited audited annual financial statements for the year ended 30 September 2019
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31 May 2019RDS Limited unaudited Interim Condensed Financial Statements for the six months ended 31 March 2019
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10 Dec 2018RDS Limited audited annual financial statements for the year ended 30 September 2018
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16 Jan 2018Interest Payment Notification – Residual Debt Services senior transferable stub and senior non-transferable stub instruments
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22 Nov 2017RDS Limited Audited annual financial statements for the year ended 30 September 2017
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22 Nov 2017RDS Limited Results for the year ended 30 September 2017 - presentation podcast
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22 Nov 2017RDS Limited Results for the year ended 30 September 2017 - presentation transcript
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08 Jun 2017RDS Limited Unaudited interim financial statements for the six months ended 31 March 2017
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16 Feb 2017RDS Limited Audited annual financial statements for the year ended 30 September 2016
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30 Jun 2016African Bank Limited (Renamed RDS) March 2016 Unaudited Interim Financial Statements
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27 Jun 2016Release of the unaudited interim results for Residual Debt Services Limited (under curatorship)
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04 Apr 2016Residual Debt Services Limited - Swiss prospectus for Senior Transferable Stub Instruments
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04 Apr 2016Residual Debt Services Limited - Term Sheet for Senior Non-Transferable Stub Instruments