The Portuguese government has approved a shortlist of four potential buyers to participate in the second phase of the sale process of Mercantile Bank.
Interest rates in South Africa will remain unchanged into late 2019, Nedbank Group’s Economic Unit forecasted on Monday.
Anglo-South African financial services group Old Mutual said on Wednesday it will retain a 19.9 percent strategic minority shareholding in Nedbank after the parent company’s planned split.
Capitec passed Nedbank as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock.
The development of much-needed skills for the financial services sector in South Africa has been given a boost by a collaborative donation of R10m over five years from Nedbank and Old Mutual to the African Institute of Financial Markets and Risk Management (AIFMRM) in the Faculty of Commerce at the University of Cape Town (UCT).
Nedbank officially launched its new brand repositioning during the first day of the world’s largest design festival; the 2017 Design Indaba. The bank’s new tagline challenges clients and society to ‘see money differently.’
Lourensford Estate in Somerset West, having invested over R7m to install 686kWp solar photovoltaic (PV) plants on the roof of the winery and the packshed, has been named Best Farming Practice Winner in the Leadership in Energy Conservation category at the Nedbank Green Wine Awards 2016 for the second consecutive year.
How can cellars get more value for their wines, while increasing sales? How do the South African industry’s current economic realities relate to the bigger picture? Unlocking value for sustainable wine industry growth will be the focus of the Nedbank VinPro Information Day.