ARTICLES RELATING TO NEDBANK

R48m assets order against Mulaudzi reversed

2014-10-13 19:39

The Western Cape has reserved a provisional order to seize R48m worth of assets from Luvhombo Group executive chair Matthews Tuwani Mulaudzi.

Ecobank to focus on existing businesses: CEO

2014-10-06 09:45

Pan-African lender Ecobank plans to wind down its strategy of rapid expansion across Africa and focus on existing businesses, says its chief executive.

JSE falls further, outlook bleak

2014-10-02 18:26

South African stocks have maintained their downhill march, with analysts saying there is scope for a further decline.

Big four banks performing well - PWC

2014-09-16 13:08

The four major banks in South Africa have posted combined headline earnings of R27.8bn, an increase of 13.1% in the six months ending June 2014, PwC says.

Businessman defrauds Old Mutual of R48m

2014-09-10 19:12

The NPA has seized assets worth over R2.5bn in the past five months, with a large amount coming from a businessman who defrauded Old Mutual.

Businessman in R100m graft probe

2014-09-08 08:44

A Gauteng businessman is being investigated for alleged fraud and money laundering that cost Old Mutual close to R100m, a report says.

Bank downgrades bad news for consumers

2014-08-27 07:00

The downgrade of SA's four biggest banks means consumers will likely pay more when seeking loans and be subject to stringent credit checks, says an expert.

Fitch leaves ratings downgrade unchanged

2014-08-22 13:40

The failure of African Bank would not see it lower its ratings for the five biggest SA banks as the likelihood of contagion is limited, says Fitch.

Banking downgrade piles on economic pain

2014-08-20 17:53

Moody's surprise downgrade of the country's four top banks has sent shares in the lenders lower and piled further pressure on the economy.

SA's banking sector is healthy - Sarb

2014-08-20 07:00

The South African Reserve Bank has disputed Moody's decision to downgrade Standard Bank, FirstRand, Absa and Nedbank and put them on review for further cuts.

Ecobank bets on Nedbank taking 20% stake

2014-08-19 15:09

Pan-African lender Ecobank is expecting South Africa's Nedbank to convert a $285m loan to shares in Ecobank before the end of the year.

New medical facilities for Century City

2014-07-30 11:30

Century City in Cape Town will soon boast a day clinic and associated medical suites following the obtaining of funding of R63.6m.

W Cape financial planner faces fraud charges

2014-06-11 20:19

A former financial planner at Nedbank faces fraud charges for allegedly duping clients into making investments for his own benefit.

Lending rise boosts Nedbank income

2014-05-13 11:28

Nedbank has reported an 8.7% jump in net interest income in the first quarter, after a lending push grew total advances by nearly 15%.

Get free petrol from your bank

2014-04-27 12:04

A quick survey of the large retail banks shows that motorists have to date received more than R300m worth of free petrol.

New partnership set to help entrepreneurs

2014-03-10 16:51

A new partnership between Nedbank and the Branson Centre of Entrepreneurship will enable budding entrepreneurs to participate in entrepreneurial development.

Nedbank results better than expected

2014-02-24 11:09

Nedbank, South Africa's fourth largest banking group, reported a better-than-expected rise in full-year earnings.

Global unit trust gains

2014-02-13 17:30

A Fin24 user wants to know why global category unit trusts are performing so well.

Kalmer ditched by Nedbank

2014-01-24 18:04

Top South African road runner Rene Kalmer will not be running in Nedbank colours this year, after her contract was not renewed.

Bank saves money on social media monitoring

2014-01-08 17:11

As a result of technology implementation Nedbank has reduced social media monitoring costs by over a million rand a year.

Gallery

Not understanding affordability is one of the most common mistakes people make when buying a home, an expert says.

0 comments 3304 Views
Gallery

The affordable housing market is an area that Nedbank is constantly looking to grow, says Timothy Akinnusi, homeloans head of sales and client value management.

0 comments 0 Views

Nedbank launches Innovation Lab

2013-10-29 19:55

Nedbank launches Innovation Lab The bank hopes the lab, based in Sandton, will help it grow its business in new areas.

Banks hit by card fraud syndicate

2013-10-16 16:36

Banks have lost millions of rands due to an international fraud syndicate that stole card details from restaurant chains, the Payments Association of SA says.

 

Nene: Banking sector downgrade unlikely

2014-10-07 07:00

The government is of the view that a further downgrade to the banking sector is highly unlikely, says Finance Minister Nhlanhla Nene.

Nedbank to take Ecobank stake for R5.54bn

2014-10-02 20:26

Nedbank will acquire a 20% stake in pan-African lender Ecobank Transnational for about R5.54bn in cash, despite a crisis over corporate governance.

Bank benefits lure clients - study

2014-09-24 14:15

Competition among banks has risen and some reward schemes on bank accounts seem to be of great benefit to clients, says Solidarity.

Court rules emails admissable

2014-09-12 21:06

A Cape Town court has ruled that testimony about sensitive emails found on a former Capitec official’s laptop are admissible.

Economy set to pick up - Nedbank

2014-09-10 07:00

The economy is expected to improve in the second half of the year off a low base and also supported by some improvement in global demand, says Nedbank.

Insurers can reject quake damage pay-outs

2014-08-28 07:00

At least five insurers will not pay for damages to houses caused by the earthquake that hit the country if it has any links to mining, according to a study.

R699 scheme: Venter sues WesBank for R20bn

2014-08-24 11:48

The owner of Satinsky 128, the company taken to court over the R699 car sales scheme, wants to sue WesBank for R20bn.

S&P: No plans to downgrade SA banks

2014-08-21 11:58

Rating agency Standard & Poor's says it does not intend to downgrade SA's biggest lenders, easing concerns that Moody's cut could have a knock-on impact.

SA bank index down after Moody's downgrade

2014-08-20 10:50

Shares of SA banks have fallen after a Moody's ratings downgrade cited a lower likelihood of support from Sarb to protect creditors.

Moody's cuts ratings of four more top banks

2014-08-19 18:27

Moody's has downgraded the credit rating of Standard Bank, Absa, FNB and Nedbank after Capitec suffered the same fate.

Ecobank made governance progress - Nedbank

2014-08-05 13:00

Pan African lender Ecobank Transnational has made progress in resolving governance problems, says the CEO of its alliance partner Nedbank Group.

R699 car drivers moving forward

2014-07-13 11:50

Satinsky clients are taking action as information about the group’s undoing and possible fraud comes to light.

Old Mutual appoints new CFO, COO

2014-05-14 11:47

Insurer Old Mutual says a senior Nedbank executive will become its new finance director, joining a small group of female FTSE 100 finance chiefs.

Don't make more debt, expert warns

2014-05-07 07:30

The biggest challenge for already debt-ridden consumers is resisting the urge to spend or make more debt, an expert warns.

Surprised to find zero balance in account

2014-04-15 15:25

A Fin24 user was shocked to discover that his savings account had seemingly been closed and was showing a zero balance.

SABC3 fined R10 000 for Expresso’s Nedbank competition error

2014-03-12 12:22

SABC3 has been fined R10 000 by the BCCSA after the TV channel's show Expresso was found to have misled viewers in an on-air competition from Nedbank.

Nedbank launches Fair Share 2030

2014-02-25 17:18

Nedbank has launched Fair Share 2030, its business response to a series of economic, social and environmental challenges that threaten society.

Global unit trust gains

2014-02-17 11:46

A Fin24 user wants to know why global category unit trusts are performing so well.

Rate hike impact on commercial property

2014-01-30 19:03

The immediately impact of the interest rate hike will be on the prices of listed property stocks, which have already dropped in response, says an expert.

SA banks score first with e-billing services

2014-01-15 11:29

BankservAfrica and ebpSource have introduced South Africa's first-ever bank-based electronic billing and payment service.

Wallet nightmare: Which bank scores best

2013-11-19 07:14

How would your bank react if you suddenly find yourself without your bank cards? Adriaan Kruger canvassed a few banks to find out.

Video

Some people simply don’t understand the level of expenses they would need to incur when buying a home, says an expert.

0 comments1043 Views
Video

The affordable housing market is an area that Nedbank is constantly looking to grow, says Timothy Akinnusi, homeloans head of sales and client value management.

0 comments348 Views

Nedbank on track to meet full-year target

2013-10-28 08:56

Nedbank has reported an 8% earnings rise from lending for its first nine months, and says it is on track to meet its full-year target for profit growth.

Man-days lost to strikes skyrocket

2013-10-06 16:38

The number of man-days lost due to strikes has averaged 3.4 million for the nearly two decades since democracy, says a political analyst.

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