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March 8, 2005
IFC Supports BEE in South African financial sector
The International Finance Corporation, the private sector arm of the World Bank Group, has committed SA Rand 173 million, the equivalent of $30 million ...
in mezzanine loan financing to support the black economic empowerment initiatives of FirstRand Limited, one of South Africa's leading financial groups. The transaction is the largest of this kind in South Africa to date.
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Posted by bernievn at March 8, 2005 8:11 PM