PA and Sarb apply for the final liquidation of Habib Overseas Bank
The curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
Habib Overseas Bank has failed to comply with financial sector regulations, including strict exchange control rules, it says.