There is no indication from the curator of collapsed Saambou Bank as to when depositors will be able to access their frozen funds.
This week, it was reported that two of South Africa's large banks - Nedcor and FirstRand - are interested in assisting the government and the Reserve Bank in rehabilitating Saambou and have put in bids to the curator, John Louw.
Proposals on the public-private sector partnership to rescue Saambou had to be submitted by Tuesday this week. Efforts to sell Saambou as a whole have failed.
Louw has said that the restructuring of Saambou may take several weeks to complete.
Suzette Plantema, the communications manager at Saambou, told Personal Finance this week that negotiations are at a sensitive stage and Louw could not release information about when funds will be available to depositors.
Any further releases of capital and interest are inextricably linked to the future of the bank. When the curator is in a position to release information to the public he will do so in advertisements so that everyone has access to the same information at the same time.