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SARB moves to liquidate community bank – Moonstone Information Refinery
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SARB moves to liquidate community bank – Moonstone Information Refinery
The South African Reserve Bank has applied to the High Court to liquidate Ditsobotla Primary Savings and Credit Co-operative Bank (DCB), a community-owned bank based in Lichtenburg, North West. The hearing is scheduled for 29 August. DCB was placed in resolution on 1 August after failing to meet its obligations. Anoosh Rooplal was appointed as the resolution practitioner. Read: Community-owned bank placed in resolution as SARB steps in In a stat…
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