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Monetary+Board+cancels+CIFL%27s+business+license
Friday, 24 November 2017 - 9:39
Monetary Board cancels CIFL's business license
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The Director of Central Bank's Department of Non-Bank Financial Supervision has informed Central Investments and Finance Limited that its license has been revoked.
 
The Monetary Board had reached this decision in their meeting held on 6th of November.
 
The CIFL's business license has been cancelled in terms of section 37 (1) of the Finance Business Act No. 42 of 2011.
 
In a stock market filing, the company said that the CIFL Board will meet soon to discuss the future course of actions.
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