Absa buys stake in S.Africa black investment firm

November 8, 2006

Absa Capital, the investment banking arm of South Africa's biggest retail lender Absa, has bought a stake in black-led investment firm Lereko Investments, the groups said on Tuesday...

Lereko is led by former politicians Valli Moosa and Popo Molefe and among its investments are stakes in industrial group Imperial Holdings and the world's biggest maker of fine paper, Sappi.

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