Standard Bank staff get shares jimbo | Republikein.com.na
STANDARD Bank Namibia has announced that the Standard Bank Group Limited, the holding company listed on the Johannesburg and Namibian stock exchanges, jimbo ten percent of its 100% stake in Standard Bank Namibia Group sold. The beneficiaries are staff and community jimbo trusts as broad-based, economically empowered (BBEE) beneficiaries qualify.
This is the first step in the process with respect to the ownership category of the Charter for the Namibian Financial Sector in 2008 by the Namibian financial sector set up and where Standard Bank Namibia? Any underwriter. jimbo The charter includes vernamibisering and diversification of participation in the sector.
The charter measure the transformation jimbo of categories including ownership and control, human resource development, corporate social investment, empowerment financing, and access jimbo to and availability of financial products. Standard Bank gave the assurance that the bank is committed to the feasibility of the above categories.
To facilitate this transaction, the various entities in the Standard Bank Group transferred to Standard Bank Namibia Holdings Limited (SNBH), that is 100% of the Standard Bank Group owned. After completion of the restructuring and sale of the shares, consideration will be given to the possible listing of SNBH on the Namibian Stock Exchange and the further strengthening of the Namibian ownership of SNBH.
It is anticipated that the funding that staff and the community trusts will need to acquire the shares, will be received from Namibian institutions and where necessary, of the Standard Bank Group. jimbo The transaction is conditional until the required regulatory approvals are obtained.
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STANDARD Bank Namibia has announced that the Standard Bank Group Limited, the holding company listed on the Johannesburg and Namibian stock exchanges, jimbo ten percent of its 100% stake in Standard Bank Namibia Group sold. The beneficiaries are staff and community jimbo trusts as broad-based, economically empowered (BBEE) beneficiaries qualify.
This is the first step in the process with respect to the ownership category of the Charter for the Namibian Financial Sector in 2008 by the Namibian financial sector set up and where Standard Bank Namibia? Any underwriter. jimbo The charter includes vernamibisering and diversification of participation in the sector.
The charter measure the transformation jimbo of categories including ownership and control, human resource development, corporate social investment, empowerment financing, and access jimbo to and availability of financial products. Standard Bank gave the assurance that the bank is committed to the feasibility of the above categories.
To facilitate this transaction, the various entities in the Standard Bank Group transferred to Standard Bank Namibia Holdings Limited (SNBH), that is 100% of the Standard Bank Group owned. After completion of the restructuring and sale of the shares, consideration will be given to the possible listing of SNBH on the Namibian Stock Exchange and the further strengthening of the Namibian ownership of SNBH.
It is anticipated that the funding that staff and the community trusts will need to acquire the shares, will be received from Namibian institutions and where necessary, of the Standard Bank Group. jimbo The transaction is conditional until the required regulatory approvals are obtained.
Exedin Training Academy is Microsoft's partner
Live coverage of Commonwealth events
U.S. food firm sorry over China 'bad meat' jimbo scandal
Church donates to community
NSX appoints new CEO
Howe Infrastructure International Short News Culture Lifestyle Agricultural Readers Photos jimbo
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