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MICROFINANCE

AFRICAN BANK INVESTMENTS LIMITED

Shareholder Structure Nominee and Trusts, 4.5%

Other corporates, 3.1%

Individuals, 5.0% Banks , 27.2% Investment Companies, 7.2% Insurance Companies, 7.8%

Pension/Provident Funds, 21.4% Growth Funds, 24.0% Source: Joab’s Technologies and Research. Capital Joab’s Technologies and Research.

In January 2008, ABIL acquired Ellerines Holdings Limited (EHL), an established credit and cash retail furniture and appliance business. This included the Ellerines, FurnCity, Town Talk, Savells Fairdeal, Beares, Lubners, Wetherlys, Osiers, Mattress Factory and Dial-a-Bed brands. For the past years, the group has focused primarily on optimizing its business model, enhancing its service offering to its clients, reestablishing appropriate growth patterns and providing its funders and shareholders with satisfactory returns. ABIL currently has a total managed book in excess of ZAR 47.0bn (USD 5.9bn), over 3.1m active customers (including EHL customers). Approximately 5.1m accounts -unsecured loans and credit cards (750,000 cards). The group collects over ZAR 1.9bn on a monthly basis as loan repayments and offers an average loan size ZAR 9,310 The share capital of ABIL consists of 804.2m shares. ABIL’s major shareholders are mainly banks, growth funds, pension/provident funds, insurance and investment companies. Some of the specific shareholders are the Government Employees Pension Fund (15.0%), ABIL’s BEE Programmes (7.2%), Liberty Life Association of Africa (4.0%), iShares MSCI Emerging Markets Index Fund (2.3 %) and Leon Kirkinis (2.1%).

ORGANISATIONAL STRUCTURE

African Bank Investments Limited

African Bank Limited Credit Banking (100%)

Theta Investments Investments (100%)

Ellerine Holdings Furniture & Appliance Retailer (100%)

The Standard General Insurance Company (100%)

African Contractor Finance (100%) Gilt Edged Management Services (100%) Miners Credit Guarantee (100%) A1 Taxi House (100%)

A1 Taxi Finance (100%) Soletrade Seven (100%)

Joab’s Technologies and Research.

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Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

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