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Nedbank’s Zim unit indigenised

HARARE – Nedbank Group Limited (Nedbank)’s Zimbabwean unit MBCA Bank (MBCA) has been indigenised in line with the country’s empowerment policy. The bank – 74 percent owned by the South African Nedbank – said its empowerment compliance plan was approved by Zimbabwe’s Indigenisation ministry. Although President Robert Mugabe’s government has hinted that indigenisation thresholds will…

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