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June 3, 2009

ABSA: BEE shareholder to get R1.7bn loan

Absa would provide a R1.7 billion three-month loan to its black economic empowerment (BEE) shareholder, Batho Bonke, the lender said yesterday.

Batho Bonke failed to raise the money needed to fund an investment in the bank.

Posted by StaffWriter at June 3, 2009 9:33 AM