Home Mgosi Local CASSPER NYOVEST REPORTEDLY BOUGHT 30% OF FNB STAKES

CASSPER NYOVEST REPORTEDLY BOUGHT 30% OF FNB STAKES

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The Award winning South African musician Cassper Nyovest has today acquired a 30% percentage shares in First National Bank.

 The deal which is said to be a 70-30 ownership for FNB and Cassper Nyovest respectively will see the artist spitting verses about the bank in his songs so as to help sell the FNB brand to the world. According to  an insider source close to Cassper Nyovest who spoke to media personnel on condition of anonymity said it is true that indeed Cassper has purchased 30% shares in First National Bank.

Cassper currently has a his own brand of mobile phones which is on the market manufactured by AG mobile phones. According to the Finance Manager of the FNB, the reports that the rapper has acquired such a percentage of shares is true.

‘’Cassper Nyovest has indeed bought a 30% shares of FNB’’ said the finance manager. Detailing the whole deal, the manager also commented why the company choose to do business with Cassper Nyovest and not any other artiste.

‘’Nyovest is currently a big brand and you know we needed someone who is not just interested in doing business but someone who can also sell the company outside the corners of South Africa’’ he added

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First National Bank (FNB) is one of South Africa’s “big four” banks. It is a division of First Rand Limited, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. It was founded in the year 1838.