/ 27 October 1999

MARSH INVESTS IN SA

UNITED States risk management and insurance services giant Marsh and McLennan Companies Inc plans to use South Africa to consolidate its presence in the continent as a whole. The New York-based group, which employs more than 50 000 people worldwide, said late on Tuesday that SA will also serve as a launch pad for its future investments in southern Africa and in other parts of the continent. Marsh SA – headquartered in Johannesburg – was formed in July this year through a joint venture with First Bowring – part of the First Rand Group.