/ 6 March 2024

Nedbank won’t be crushed by falling interest rates, says chief financial officer

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)
Shored up by higher borrowing costs, South Africa’s banking sector seems to have to weather the 2023 economic storm

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