/ 26 January 1999

IVESTEC TO OPEN BOTSWANA BANK

INVESTMENT banking group Investec Botswana is to launch Botwana’s first private bank on February 1, Investec Private Banking (SA) MD Steve Helibron announced on Monday. Investec established itself in Botswana in 1995 and is dual-listed on the Botswana Stock Exchange and the Johannesburg Stock Exchange. Helibron said in a statement that although the bank will focus on high net worth individuals, it will also look to the rising numbers of Botswana professionals.