Old shares a bust
The new African Bank is slowly starting to get back together. The question now is what the suspended old African Bank shares are going to be worth. The answer remains exactly the same as in 2014 when it hit the wall – largely worthless. Holders of the defunct African Bank shares do not get shares in the new African Bank; you still own the old bank that had more liabilities than assets. The curators have been trying to sell what they can and if they manage to raise more money than is owed, this will be paid out to shareholders. This illustrates the first rule of investing: you get lots of potential upside as a shareholder, but if things go bust you get nothing.