Standard Bank-ICBC Deal Beats Barclays-Absa's
Monday, February 25, 2008
Standard Bank, which is the parent company to Stanbic Bank (Botswana), last week revealed that regulators have cleared ICBC's bid to purchase 20 percent of Africa's largest banking group for R36.7 billion (about P30.8 billion).
This deal beats the 2005 R30 billion (about P25.2 billion) transaction when Barclays Bank Plc bought a 56 percent stake in South Africa's biggest retail bank, the Absa Group.
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...