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Home » Rights issue brings Nedbank over threshold
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Rights issue brings Nedbank over threshold

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THE Reserve Bank of Zimbabwe (RBZ) says Nedbank Zimbabwe (Nedbank) has raised additional capital through a rights issue and is now compliant with the minimum capital requirement of US$30 million. The apex bank had announced in the Monetary Policy Statement — published February 7 — that Nedbank was non-compliant with the minimum capital requirement as…

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