NEDCOR will announce ”a substantial investment” in unlisted IQ Business group it has been reported. Business Report said Nedcor would outline its continued investment in Dimension Data at a news briefing and quoted IQ Chief Executive Johan Roets as saying Nedcor would take a more than 20% stake in IQ for more than R100m. Roets said IQ would probably issue new shares to Nedcor. Nedcor has 20% of Didata’s offshore operations Dimension Data International. It is expected that Nedcor will switch this interest into the London-listed holding company. Last week, Nedcor said it would announce two new investments in IT companies. – Reuters