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South Africa - Banking |
 | | The Reserve Bank is managed by a board of fourteen directors, seven representing major commercial and financial institutions, industry, and agriculture, and seven appointed by the government. |
 | | ABSA, which merged with a fifth bank in 1992, is jointly controlled by the Rembrandt tobacco group and the South African National Life Assurance Company (Sanlam), the country's second-largest insurance group. |
 | | The banking industry is undergoing further reorganization in the mid-1990s, in part to establish banking services in poor communities that were neglected under apartheid. |
| countrystudies.us /south-africa/70.htm (572 words) |
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