Nedbank is mindful that businesses in South Africa are required to do whatever they can to be a part of the inclusive economic growth solutions our country needs. This requires a commitment by the private sector and other concerned parties to help and to invest in the future growth of the country. Nedbank Chief Executive Officer (CEO) Mike Brown and our Chief Operating Officer (COO) Mfundo Nkuhlu have been actively involved in the work of the CEO Initiative working group that started early in 2016 with the main objective of ensuring South Africa does not receive subinvestment grade status from ratings agencies. The initiative sees government, business and labour coming together to help bring about economic stability in the country. One of the key outcomes of the CEO Initiative in 2016 was the creation of the R1.5bn SA SME Fund that has a vision to stimulate and support much-needed growth in SA's small-and-medium-enterprise sector, which is so central to sustainable economic development and employment creation. Nedbank has invested R20million in this fund. In addition a key outcome of the work done by the CEO Initiative was the maintenance of SA's investment-grade rating, a vital foundation.