Abil gets all clear - Ellerine Holdings

October 15, 2007
As expected, the proposed takeover of furniture retailer Ellerine Holdings by retail microlender African Bank Limited (Abil) passed another hurdle on Monday. 
Abil's CEO Leon Kirkinis said the SA Reserve Bank had given the proposed transaction an in-principle approval. The bank's formal approval and that of the Registrar of Banks was expected in the middle of November. 

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