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Sunday, September 22, 2019

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Tag: Nedbank

Capitec and Nedbank shortlisted to buy South Africa’s ninth largest bank

The Portuguese government has approved a shortlist of four potential buyers to participate in the second phase of the sale process of Mercantile Bank. Mercantile Bank is owned by Portuguese...

Interest rates likely unchanged until late 2019 – Nedbank

Interest rates in South Africa will remain unchanged into late 2019, Nedbank Group’s Economic Unit forecasted on Monday. According to Nedbank, rising inflation and concerns over tightening policy globally will...

Old Mutual to retain 20% of South Africa’s Nedbank after split

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. Old Mutual, whose...

Capitec overtakes Nedbank, now SA’s fourth-largest bank by value

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 shares of Capitec rose 2% in Johannesburg...

Old Mutual to list not sell businesses in split

Anglo-South African financial services group Old Mutual (OML.L) aims to list two divisions rather than sell them as it pursues a plan to split into four parts by the end of...

LAST 7 DAYS

Menlyn Central – combined office and dealership scheme

Abland, with a property development track record spanning more than 30 years, is on track to complete the premium A-Grade office space situated above...

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