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October 29, 2007
Capitec: Not for sale
Is Capitec being sought by the State Bank of India, as newspaper reports suggested on Monday? Not as far as Capitec's CEO knows, who says he was taken aback when he heard the rumours for the first time.
Bruce Whitfield:
Capitec under the spotlight today and it is the hype surrounding ICBC's planned takeover of 20 percent of Standard Bank. A report in a newspaper in India picked up by Business Day today suggesting that the State Bank of India is looking at taking a piece of Capitec. The Chief Executive Riaan Stassen joins us now and is this news to you Riaan?
Posted by StaffWriter at October 29, 2007 9:16 AM