/ 18 January 2022

Nedbank features negatively in state capture report; Standard Bank defends itself

Old Mutual Says Hsbc May Acquire Stake In Nedbank
After delivering a solid set of results this week, Nedbank chief financial officer Mike Davis has insisted that impending interest rate cuts won’t flatten the group’s performance this year. (Nadine Hutton/Bloomberg via Getty Images)
So far, one of South Africa’s ‘big four’ banks faces a serious allegation levelled in the Zondo report — and more revelations may follow

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