In the new Standard Bank, Su Ming invested 10.8 billion yuan, accounting for 45 percent of the shares, UBP and Dubai Investment each invested 3.6 billion US dollars to get 15 percent of the shares, while the original shares of South Africa's Public Capital Limited were reduced to less than 10 percent, and the senior citizen insurance company was reduced to less than 5 percent.

Except for them, no institution or individual has more than one percent of the shares, and the company's board of directors is controlled by these five, and although Su Ming did not get a controlling stake, he has an absolute advantage in shares, and the other four together are not as much as him.

Even if it is combined with the shares in the open market and the shares in the hands of other investors, it will not threaten Su Ming, Su Ming only needs to cooperate with any of the three insurance companies except the senior health insurance company, he can get a controlling stake, but with the huge advantage of 45% in Su Ming's hands, no one will do that.

In the process of forming the bank, the South African political axe once again made a startling decision, in order to eliminate the dominant position of whites in economic affairs, the South African political axe was ready to hand over the right to issue currency from the South African Reserve Bank to the newly formed African Standard Bank.

This is because although the president and deputy governor of the South African Reserve Bank are appointed by the political axe, the president and deputy governor have no say in the actual affairs, and all power is in the hands of a committee on financial professional affairs, which is still firmly in the hands of whites.

In addition to the right to issue currency, the business of setting exchange rates and formulating financial policies was also handed over to the Standard Bank of Africa, but the Standard Bank of Africa was subject to the supervision of a newly established monetary committee of the political axe, which had the right to withdraw this right at the expiration of a period of ten years.

In addition, the foreign exchange reserves of 17.2 billion US dollars of South Africa's political axe have also been handed over to the African Standard Bank for trusteeship, plus the Global Chinese Revenge Fund and the Return Chinese Public Welfare Fund transferred by Su Ming, which are still part of the funds allocated by Dubai Investment, the capital scale of the African Standard Bank has expanded dramatically, which completely shocked the remaining managers who were still angry, and they no longer dared to have any complaints about this acquisition.

Nicholas also broke away from UBS and became Su Ming's business representative in Standard Bank Africa, serving as a director of Standard Bank Africa, from a business manager to a world-class bank director, Nicholas's social status seems to be from the ground to the clouds, and if he wants to say that he is not grateful to Su Ming, it is false, and he is full of ambition to give full play to his ability on the platform of Standard Bank Africa, create a big scene, and repay Su Ming's support to him.

The establishment of Standard Bank in Africa is like throwing a stone weighing several tons into the big pool of the global financial field, and suddenly there is an extraordinary splash, and there are those who feel threatened, those who feel panic, and those who feel that the opportunity is coming.

It can be seen from the composition of the shareholders of Standard Bank in Africa that, in addition to UBS, Su Ming represents the power of emerging capital in Asia, the same is true in Dubai, South Africa Public Capital Limited represents black Africans, and Seniors Insurance Co., Ltd., although white, has gradually detached itself from mainstream society during the apartheid period in South Africa.

For such a complex organization to enter their territory, these people have a very strong resistance in their hearts, back then said that I was like this, with a lot of money in hand, and was ready to set foot in this field vigorously, but they were soon beaten by them, and the final signing of the square agreement was promoted by these people.

However, for the time being, Standard Bank Africa still only operates in southern Africa, which for these financiers is like a desert area with no one and another world, where there is no possibility of conflict in business, and it is not worth bothering to suppress.

At this time, Lesotho and Eswatini, which originally belonged to the rand monetary union, were a little unable to sit still, it turned out that they were the same as Namibia, they also used the South African rand as their own currency, and later saw Namibia propose to withdraw from this monetary union, they also withdrew, in fact, the South African rand is still circulating in their country.

Eswatini has developed its own banknotes, but they are generally only used by foreign tourists to take them back as collections, or when the state announces any figures, because Eswatini's currency is the same as the South African rand, just like Namibia, in fact, it is its own printed South African rand, both the currency value and the exchange rate are the same as the South African rand.

And Lesotho has not even printed its own currency, because it is a country within a country, surrounded by South Africa on all sides, so there is no opinion on whether to develop its own monetary system or not, basically all the goods have to be transported to South African ports for export, and the issuance of its own banknotes is not asking for trouble, it is better to directly exchange some South African rand for direct use.

Since South Africa has handed over the right to issue currency to this bank, it is better for us to hand over the right to issue currency to them, otherwise, if they carry out any currency reform, they will be the most affected, and there is another factor, they always like to secretly print the old version of the South African rand and spend it secretly, but the action is very small, although the South African side is aware of it, but it is not taken seriously.

If the right to issue currency is handed over to others, will others still allow them to do so, isn't this tantamount to cheating money from them, and even Namibia has handed over the right to issue currency to them, and the two little ones will have no value in keeping their own currency, so it is better to sell it at a good price at this time.

South Africans were depressed when they heard this, you were going to separate at the beginning, and now you are coming back, so what did you do when you went out to read power, and you spent a few years playing with money in vain, and you think it's not fun and you have to come back, no, the South Africans insist on refusing to allow them to rejoin this distribution system.

In the end, after Su Ming's coordination, the South Africans finally agreed to their participation in the monetary committee, because Su Ming had already said that it was impossible to issue two different currencies for South Africa and Namibia, not to mention the trouble, and the cost was high.

On the one hand, the new currency is mainly based on the elements of South Africa, and on the other hand, it is used to show the characteristics of Namibia, and the monetary committee has three seats in South Africa and two seats in Namibia.

Su Ming was troubled by the arguments of these guys, this let the animals that planted them, that let them add their specialties, for whom the size of the space was occupied, and gradually extended to who owned that kind of animal, and I didn't know that these guys had so much energy, not to focus on business, how much to issue, how to issue, how to exchange with the old currency, these important issues were not related, and there was a discussion meeting on the origin of animals.

In the end, Su Ming simply decided, no one's animals and specialties are used, isn't it with the help of backwardness, how to reflect the current prosperity of southern Africa and the great prospects of the future, but what is better? Su Ming also doesn't have a good idea, the general banknotes are printed with human heads, but if you also print human heads here, don't you have to argue, Su Ming's heart is a little uncomfortable, it seems that he usually prints dead people, isn't that cursing himself, but the anti-counterfeiting watermark can print the outline of his own head.

Of course, the elements of the elephant must still be there, like a symbol of the elements of various countries, but it does not have to be an animal, it can be replaced with a landscape, the front is a landscape, and the back can be designed with some themes that symbolize unity or peace, including the signature of the president or king of each country, and the words of the Standard Bank of Africa.

Say your own ideas, and leave the rest to the people in the design company to have a headache, Su Ming was thinking about the name of this currency again, and it was obviously a bit inappropriate to call it Rand, but it was also a trouble to name it, but I heard that Europe was going to engage in an integrated currency, and the name would be called the euro, so we might as well call it non-yuan.

Su Ming said the proposal, although other people felt that the name was very good, but they didn't dare to agree, we dare to call these countries non-yuan, then other African countries should not make a fuss, more than 50 countries in Africa, there are only four countries on our side, and they don't have representative surnames, and if they are called non-yuan, they will not attract the dissatisfaction of the African Union, this is difficult to say.

Su Ming told them that to be a man should be ambitious, and the same is true for building an alliance, and now it seems that there are only four of us, but it is not excluded that more countries will join in the future, and there is no legal restriction to call it non-yuan, the same is true of the euro, and not all European countries agree, even the European Union heard that there are also proposals that do not agree with the euro.

Su Ming barely persuaded these people, what are you afraid of if there is pressure, Southern Africa is originally a dominant country, there are no powerful countries in Central Africa and East Africa, and a few slightly powerful countries like Egypt and Libya are all in North Africa, and they have the ability to let them fight over, from the northernmost part of Africa to the southernmost seven or eight thousand kilometers, they must also have that ability.

In the end, it was decided, the name of the new currency is non-yuan, and the surface of the currency is still in accordance with Su Ming's design concept, the currency value and exchange rate are temporarily based on the rand, as for the currency issuance, countries are given a two-year adaptation period, and the use of all old currencies will be suspended after two years, but Su Ming also warned them not to secretly print counterfeit banknotes, otherwise, once found, ten times the minting income will be deducted according to the amount.

(To be continued)