# The South African Reserve Bank is investigating Young Women in Business Network Mutual Bank and its founder, Nthabeleng Likotsi, for allegedly providing false information during the bank’s application. The probe follows a nine-million-rand fallout with Afribiz Financial Services, which claims it paid for a 26-percent stake in the mutual bank, but received only a two-percent offer instead. Likotsi denies wrongdoing. Experts say an investigation may impact both her legacy and the credibility of South Africa’s mutual banking sector.
Reserve Bank probes Young Women in Business Network Mutual Bank over R9-million dispute