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
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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