Nedbank said on Friday it had agreed to buy the 49,9% of Imperial Bank it does not already own from Imperial Holdings for R1,8-billion.
South African transportation and mobility group Imperial Holdings on Wednesday reported a 17% rise in headline earnings per share to 1 434 cents for the year ended June from 1 222 cents a year ago. Diluted headline earnings per share were up 16% to 1 330 cents from a previous 1 148 cents.