Businessweek

African Bank Investments Limited provides unsecured credit products to domestic middle market in the Republic of South Africa. The company underwrites unsecured credit risk through the provision of personal loans. It services approximately 1.8 million clients through its 800 branches. Subsidiaries The company’s subsidiaries include African Bank Limited, which provides unsecured personal loans to formally employed South African residents; Ellerine Holdings Limited, which engages in the business of retailing furniture and appliances for cash and credit to the markets spanning all living standards measure (LSMs); The Standard General Insurance Company Limited, which provides credit life products to clients of African Bank Limited; Theta Investments (Pty) Limited; and Relyant Insurance Company Limited, which engages in the sale of insurance to customers of Ellerines Group who purchase furniture and appliances on credit.