ICBC gets vote

NINETY-FIVE percent of Standard Bank Group shareholders have voted in favor of a Chinese bank becoming a 20-percent shareholder of the African bank. A statement available to Xinhua on Saturday quoted Standard Bank Group Chief Executive Jacko Maree as saying that his bank had been thrilled by the result of the vote of confidence. The Standard Bank Group is still waiting for several moves to be completed between now and March next year before the Industrial and Commercial Bank of China can become a supportive and non-controlling minority shareholder.