Nedbank Group
latest news & developments
Rand bubbles to the top as volatility subsides
The South African local currency is expected to continue strengthening as low volatility and high returns attract investors.
Fed stimulus outlook sees rand weaken for the second day
Speculation over tapering of monetary stimulus in the US takes its toll on the rand again.
Barclays Africa claws back at market share with mobile apps and iPads
Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.
Rand extends worst currency slide this month amid labour unrest
The rand dropped 1.4% in the past few days as strikes at platinum mines continue.
Nedbank says third-quarter income gains on increase in lending
As net income interest rose over 8% from a year earlier, the Nedbank Group says income in the first nine months gained as customers boosted lending.
Nedbank’s first-half profit jumps on higher fees
Nedbank Group has reported a 26% rise in first-half profit, which was helped by a drop in bad debts and its push to boost revenue from fees.
Imperial in talks with Nedbank about selling bank stake
South Africa’s Imperial Holdings is in talks about selling its 49,9% stake in Imperial Bank to Nedbank Group, it said on Friday.
Nedbank and Ecobank join forces
Nedbank and Ecobank have entered into a deal to provide customers access to a pan-African banking network covering 30 countries.
Strong case for early rates cut
The case for an early cut in interest rates is now very strong, Nedbank Group’s economic unit said on Friday.
Nedbank lifts headline earnings 33,8%
Nedbank Group, South Africa’s fourth-largest bank, said on Wednesday 2007 headline earnings per share rose 33,8% despite rising household debt, but it warned of increasing…