Investec to raise up to US$165m in share issue

Investec Ltd, the South African investment bank and asset manager, said on Tuesday it raised US$165 million by issuing new shares, tapping a recovery in equity markets to shore up its capital base.

Banks around the world have been pressed to improve the amount and quality of their capital in order to prevent another financial crisis.

The coming Basel III reforms require banks to hold more common shares and retained earnings, regarded as the strongest capital buffer.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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