African Bank | About us | Our Company

Our company

On 4 April 2016 the new African Bank Limited launched following an extensive restructuring exercise, which began on 10 August 2014 when the previous African Bank Limited was placed in curatorship. African Bank Limited and African Insurance Group Limited form part of a new group, with a new holding company African Bank Holdings Limited.

With African Bank you can borrow, save and insure. To assist with your financial needs, we offer a number of relevant and innovative products, delivering more value than you expect.

Every day we strive to live our brand purpose ‘humanity through banking’. The people who work for African Bank represent the diverse population of South Africa; therefore we are a reflection of you, of all South Africans. No matter what the situation or circumstance, we hope that people who interact with us will walk away and say “I was treated with humanity”.

Our mission

Our mission is to be a successful Retail Bank offering a wide range of products and services to the consumers of South Africa.

We seek to provide value - more than our consumers expect of us. We promise to live our purpose 'humanity through banking' in all that we do and we are confident that we can, because 'We are You'.

The executives

African Bank Executives
Brian Riley

Chief Executive Officer

African Bank Executives
Gustav Raubenheimer

Chief Financial Officer

African Bank Executives
Alfred Ramosedi

Group Executive: Sales and Marketing

African Bank Executives
Gavin Jones

Group Executive: Funding and Liability Management, Treasury

African Bank Executives
Lindiwe Miyambu

Group Executive: Human Capital

African Bank Executives
Piet Swanepoel

Chief Risk Officer

African Bank Executives
George Roussos

Group Executive: Operations and Transactional Banking

African Bank Executives
Vere Millican

Group Executive: Credit

African Bank Executives
Hendus Venter

Chief Information Officer

African Bank Executives
Mellony Ramalho

Group Executive: Insurance

Our values

We are transparent
  • In all our interactions, we commit to open and honest communication, whether it be written or verbal.
  • We are open to considering different viewpoints and we commit to expressing our own, respectfully.
  • We commit to account for our activities and accept responsibility for them. We disclose the results of our activities and deliver on our promises.
We are innovative
  • We passionately strive to think and to do things differently.
  • We commit to turning great ideas into reality.
  • We reward and recognise those individuals and teams who changes our business for the better.
We are collaborative
  • We bring our unique talents together for the benefit of the team.
  • We work together internally and externally to find the best solution.
  • We place the customer at the centre of all decision-making; we encourage honest debates and we respect and commit to final decisions.
  • We commit to align and harmonise our practices and actions and contribute positively towards the agreed goal.
We are empathetic
  • We respect that we are all different.
  • We are genuinely attentive and we attempt to put ourselves in other peoples' shoes.
  • We seek to understand people. Should we differ in opinion we will respond to them with sensitivity and compassion.
  • We are dedicated to making a difference to the lives of people living in underprivileged communities in South Africa.
We are profit conscious
  • We always seek to balance the return to our shareholders with value to our customers.
  • We are efficient and cost-effective to the benefit of the customer and business.
  • Everybody is a revenue generator, as well as a cost center in the business.

The board

African Bank Board
Louis von Zeuner

Broad banking experience - Board Chairman

African Bank Board
Ignatius Sehoole

Financial, business and risk skills

African Bank Board
Basani Maluleke

Finance and entrepreneurial skills

African Bank Board
Sybille McCloghrie

IT, entrepreneurial and business skills

African Bank Board
Louisa Stephens

Financial and sustainability experience

African Bank Board
Frans Truter

Financial and insurance skills

African Bank Board
Sydney Mhlarhi

Accounting and investment skills

African Bank Board
Peter Temple

Actuarial and insurance skills

African Bank Board
Brian Riley

African Bank Holdings Limited & BankCo Board Executive Director

African Bank Board
Gustav Raubenheimer

African Bank Holdings Limited & BankCo Board Executive Director

Our governance structures

Group Risk and Capital Management
Sustainability, Ethics and Transformation
Group Audit and Compliance

Ignatius Sehoole (Chair)
Sybille McCloghrie
Peter Temple

Louisa Stephens (Chair)
Basani Maluleke
Sybille McCloghrie

Frans Truter (Chair)
Louisa Stephens
Ignatius Sehoole
Sydney Mhlarhi

Group Renumeration
Directors' Affairs and Governance

Basani Maluleke (Chair)
Sybille McCloghrie
Frans Truter

Louis von Zeuner (Chair)
Frans Truter
Louisa Stephens
Basani Maluleke
Ignatius Sehoole