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Thu 18 Apr 2002, 0:00 FirstRand Ltd
News Release
Saambou Proposal
Johannesburg, 18 April 2002 -  FirstRand spokesman, Viv Bartlett - Deputy
CEO of FirstRand Banking Group, has confirmed that FirstRand has submitted a
proposal to the Saambou curator, John Louw.  This follows a suggestion by Mr
Louw that there was an opportunity for a public private partnership.
Viv Bartlett said that the proposal was subject to a confidentiality
agreement and that he was unable to comment further.


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