The South African local currency is expected to continue strengthening as low volatility and high returns attract investors.

Speculation over tapering of monetary stimulus in the US takes its toll on the rand again.

Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.

The rand dropped 1.4% in the past few days as strikes at platinum mines continue.

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 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.

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 have entered into a deal to provide customers access to a pan-African banking network covering 30 countries.

The case for an early cut in interest rates is now very strong, Nedbank Group’s economic unit said on Friday.

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…