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The Graduate School of Business Administration, otherwise known as the Wits Business School, (WBS) was established in 1968. Until 1992 the school operated as a separate faculty within Wits University. In 1992, the school of Public and Development Management (P&DM) was founded and both WBS and P&DM operated as independent schools within the Faculty of Management. In January 2001 both schools were integrated into the new Faculty of Commerce, Law and Management together with the School of Economic & Business Sciences, the School of Law and the School of Accountancy.