Appointment of Hoosen Omar
We are pleased to announce the appointment of Hoosen Omar as the Durban Branch Manager and Senior Relationship Manager, taking over from Tony Mcree who has decided to pursue a career opportunity outside of Citi. We thank Tony for his great contribution in building a solid portfolio in Durban, and in particular his efforts on the Unilever relationhsip - we wish him well in his future endeavours.
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Teach Children to Save Day
On Friday, July 25 Citi will participate in South Africa's first ever Teach Children to Save Day, a program sponsored by the South African Savings Institute, The Banking Association, and introduced to South Africa by Citi through its participation in a similar program in the US...
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Greater Revenue, Prudent Handling Means SA Needs to Borrow Less
GOVERNMENTs borrowing requirement would be lower over the next few years, because of increased revenue colleclion and "prudent management of the national debt portfolio", the treasury said yesterday...
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Egg Cracked and Beaten into Citigroup
IT WAS with a hint of sadness that we learned of British assurer Prudential's sale of Its Egg unit to Citigroup, the world's largest bank, for a measly £575-million once worth £4-billion, it was valued at just £1-billion just a year ago when Prudential bought out minorities to facilitate a clean sale process...
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Citigroup in Y1.25 Trillion Takeover Bid for Nikko
Tokyo Citigroup has offered VI.25 trillion (R78 billion) to buy its investment banking partner, Nikko Cordial, after the brokerage was battered by an accounting scam. It is the firm's biggest takeover bid in Asia...
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