A good investment for SA

Registrar of Banks, Errol Kruger, said yesterday the 20percent investment by the Industrial and Commercial Bank of China in Standard Bank was positive for the country. "This is a global player - one of the biggest in the world with no sub-prime issues. It has to be positive," he said. This was the second major investment in one of South Africa's largest banks, the other being the acquisition of a majority shareholding by Barclays Bank in Absa in 2005. - I-Net Bridge

Registrar of Banks, Errol Kruger, said yesterday the 20percent investment by the Industrial and Commercial Bank of China in Standard Bank was positive for the country. "This is a global player - one of the biggest in the world with no sub-prime issues. It has to be positive," he said. This was the second major investment in one of South Africa's largest banks, the other being the acquisition of a majority shareholding by Barclays Bank in Absa in 2005. - I-Net Bridge

X