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Thank you for the in­ter­est that you have shown in African Bank. I al­ways en­joy talk­ing to peo­ple about what I do at African Bank. It is com­plex sub­ject mat­ter, how­ever, and I fre­quently f ind that peo­ple mis­un­der­stand some of the dy­nam­ics at f irst. I would ac­cord­ingly like to cor­rect some er­rors in the ar­ti­cle, African Bank: Coming to a bond mar­ket near you (11 April 2013).

The fact is that the Na­tional Credit Reg­u­la­tor has rec­om­mended that the Tri­bunal f ine African Bank.

The Reg­u­la­tor it­self does not have the le­gal ca­pac­ity to im­pose a f ine on its own be­half, as sug­gested in the ar­ti­cle – it can only re­fer the mat­ter to the Tri­bunal to hear con­sider mer­its of the case.

The re­fer­ral of the mat­ter to the

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