Full annual report - African Bank - Investoreports

Operating structure
>ABIL in perspective
ABIL is a publicly owned holding company listed on the JSE with wholly owned subsidiaries within the South African unsecured
credit and furniture and appliances retailing environment. The group operates through two primary businesses, African Bank
and EHL as well as insurance subsidiaries Stangen, Relyant Insurance and Relyant Life.
Key highlights
R53 billion
advances book
2,6 million
credit customers
5 182
employees
637
outlets
R4,8 billion
of furniture sales
9 248
employees
1 041
retail stores
African Bank offers competitively priced loans and credit card products to
a predominantly formally employed and banked market. Stangen provides
credit life policies to customers who utilise the loan and credit card products
offered by African Bank, as well as funeral insurance products.
ellerine holdings limited
EHL is a furniture and appliances retailer which provides affordable
products and offers credit facilities through African Bank for the purchase
of its goods. It operates in the formally employed banked market, the
informally employed market as well as higher lifestyle markets than those
traditionally targeted by African Bank. Relyant offers voluntary product
insurance on merchandise purchased from the EHL group.
African Bank and Stangen operate in South Africa exclusively, whilst the EHL group
also has operations in Swaziland, Zambia, Namibia, Botswana and Lesotho.
African Bank Investments Limited | Integrated Report for the year ended 30 September 2012 3