Showing posts with tag "nedbank"

Worries over South Africa being ‘greylisted’ – here’s what it could mean for you

The possibility of South Africa being greylisted by the Financial Action Task Force (FATF) could make doing business with the country even tougher.

January 22, 2023
tags
banking

One of South Africa’s biggest banks says the shift to flexible working is paying off

Nedbank chief executive officer, Mike Brown, says that the group’s flexible working practices and real-estate optimisation strategy is leading to cost savings.

January 23, 2023
tags
banking

Nedbank reports strong earnings growth – lifts interim dividend

Nedbank Group on Wednesday (10 August) published its interim results for the six months ended June 2022 showing a strong performance across all key metrics in a “a complex and difficult external en...

January 20, 2023
tags
banking

20 major projects planned for South Africa – including highway upgrades, a mega city and a new government district

Nedbank has published its latest capital expenditure project listing report, detailing some of the major fixed investment projects that are in the pipeline for South Africa.

January 23, 2023
tags
banking

What to expect from the rand right now

The rand has continued to chip away at the dollar in recent sessions, with market concerns that the US Federal Reserve will slow the pace of its interest rate hikes, putting pressure on the greenback.

January 24, 2023
tags
banking

South Africa’s best-performing bank right now is going big on renewable energy

Nedbank Group wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader in funding renewable power pr...

January 22, 2023
tags
banking

Eskom meets with 70 private institutions over electricity crisis

Power utility Eskom met with the chief executives and top leadership from 70 private institutions on Friday (29 July) to discuss possible solutions to the energy crisis.

January 24, 2023
tags
energy

Triple blow hits businesses in South Africa

As interest rates increase to curb rising inflation, coupled with fuel and load shedding, among other challenges – is putting pressure on the profit margins of small businesses in South Africa, say...

January 26, 2023
tags
business

South Africa inflation numbers likely to moderate by the end of the year: economists

South Africa’s latest inflation figures are likely the peak in the current cycle and the figures are likely to moderate towards the end of the year, Nedbank economists said in a research note on We...

January 20, 2023
tags
banking

3 big changes Nedbank customers can expect in the next few months

Nedbank says it plans to expand its locker collection points as clients look for more convenience and self-service options.

January 28, 2023
tags
banking

South Africa’s rand is undervalued for now

Andre Cilliers, a currency strategist at TreasuryONE, says that despite a weakening of the rand in recent sessions, it still remains undervalued.

January 23, 2023
tags
banking

Mteto Nyati appointed to Telkom’s board

Mteto Nyati and Brian Kennedy have been appointed to the board of Telkom as independent non-executive directors with immediate effect.

January 27, 2023
tags
telecommunications