July 11, 2014 9:18 PM ET

Capital Markets

Company Overview of Batho Bonke

Company Overview

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South Africa

Key Executives for Batho Bonke

Batho Bonke does not have any Key Executives recorded.

Batho Bonke Key Developments

Update On Absa Stake Sale Plan

According to a Director for consortium, Yolande Cuba, Batho Bonke is planning to sell 24.7 million shares in Absa Group Limited, The official added that the sale would represent almost the Batho Bonke’s entire stake in Absa and it would be equivalent to roughly 3.4% stake in Absa. Reuters reported that shares of Absa were down 2.6% at ZAR 134.9 million.

Investors Plan To Divest Absa Stake

Mvelaphanda Group Ltd., Batho Bonke and other investors in Absa Group Limited are looking to divest their stake in Absa. The shares are valued at a ZAR 2.2 billion. Batho Bonke’s spokesperson, Chris Vick said that no deadline for the disposal had been set, though disposal options would be taken into account. Batho Bonke owns 3.9% of Absa while Mvelaphanda owns 2.28% stake in Absa.

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