01 Jan 1998
Posted at 10:24h
in Uncategorized
- Batho Batho Trust dilutes shareholding from 100% to 74%, allowing Old Mutual, Fedsure (now Investec) and Sanlam to collectively acquire 26% of Thebe
- Net Asset Value reaches R1bn
- Initiation of project to use the South African heritage resources to develop a tourism business (later becomes the Thebe Tourism Group)
- Shareholding in ICL increased to 40%
- Acquisition of casino interests from Sun International to form Tusk Casino Resorts
- Merging of FBC with Fidelity Bank to form FBC Fidelity Bank (in terms of assets, the 7th largest retail bank in SA)