Absa, Vunani list BEE fund

December 2, 2008

Absa Capital and Vunani Capital had listed NewSA, South Africa's first black economic empowerment (BEE)exchange traded fund (ETF), the firms said yesterday.

NewSA, a joint venture between Absa Capital and Vunani Capital, is the first product to offer an investable BEE financial instrument.

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