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September 2, 2008

Oxford University Press hands 25% of capital to Mandela foundation

he education foundation of former South African president Nelson Mandela obtained a 25-per-cent share in Oxford University Press (OUP), the publishing arm of the prestigious British university, on Tuesday.

OUP's transfer of 25.1 per cent of its shares to the Mandela Rhodes Foundation (MRF) would fund third-level scholarships for at least 18 scholars over the next five years as well as secure the foundation's finances in the years to come, the foundation and OUP said in a press release.

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Posted by StaffWriter at September 2, 2008 1:25 PM