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July 2, 2008

Nedbank excels with BEE

JUST more than 18% of Nedbank, SA's fourth-biggest bank by market capitalisation, is now directly owned by black investors, according to an audited report from the Financial Sector Charter (FSC) council.

Nedbank has exceeded both the council's and the trade and industry department's broad-based black economic empowerment (BEE) target for direct ownership in banking.

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Posted by StaffWriter at July 2, 2008 2:37 PM