01 Jan Foundations for Thebe Tourism Group Initiated
Posted at 05:59h
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Batho Batho Trust dilutes shareholding from 100% to 74% to allow 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 (which in terms of assets makes it the seventh-largest retail bank in SA)