ARTICLES RELATING TO NEDBANK

Is Capitec really bigger than Nedbank?

2013-05-09 11:45

Capitec is a fantastic success story but it's nowhere near SA’s fourth-biggest retail bank, says Finweek editor Marc Ashton.

Capitec ousts Nedbank from No 4 slot

2013-05-08 14:16

Boosted by 43% year-on-year growth among main bank clients, Capitec has overtaken Nedbank as SA's fourth-biggest bank by market share, AMPS figures show.

Nedbank to buy stake in Mozambique bank

2013-05-03 09:18

Nedbank says it plans to acquire an initial 36% share of Mozambique's sixth-largest lender Banco Unico, and wll later increase the stake to a majority shareholding.

FNB, MTN satisfy customers most - survey

2013-02-26 17:40
79 comments

SA banking and mobile consumers are among the most satisfied in the world, with FNB and MTN coming out tops, a survey shows.

Moody’s downgrades SA banks

2012-12-05 17:00

Moody's credit rating agency has lowered its outlook for South African banks' to "negative" from "stable".

Nedbank pulls Lenasia support

2012-11-15 18:50

Nedbank has withdrawn an application to support the SA Human Rights Commission in trying to prevent further demolitions of houses in Lenasia.

ANC makes money in Mangaung - report

2012-10-28 10:06

The ANC hopes to cash in Mangaung with business people paying to rub shoulder's with the party's elite, reports The Sunday Times.

SA bank charges lower, research shows

2012-10-18 15:39

Four of the five large commercial banks in South Africa have lowered the cost of virtually all their accounts over the past year, research shows.

SA's trade deficit rises

2012-08-31 18:03

South Africa's trade deficit for July 2012 increased by R1bn to R6.7bn, says the SA Revenue Service

Nedbank slams state on infrastructure

2012-08-02 08:54

A Nedbank economist has reportedly criticised government for its slow infrastructure plan "which does not help the economy one bit".

Stop clobbering Nedbank boss - Buthelezi

2012-04-13 22:28

Nedbank chairperson Reuel Khoza did not deserve to be "clobbered" for expressing his opinion, IFP leader Mangosuthu Buthelezi says, adding that the ANC acted like a bully in reply to his comments.

Mantashe hits out at bank boss

2012-04-03 22:42

ANC secretary general Gwede Mantashe has criticised Nedbank chairperson Reuel Khoza for his comments about a lack of leadership in South Africa.

Absa sues Nedbank over Pinnacle trading

2012-01-12 16:05

Absa is taking Nedbank to court to recoup more than R700m losses relating to the trading of single stock futures in property firm Pinnacle Point.

Standard, Nedbank earn kudos

2011-12-01 16:52

Standard Bank has been named bank of the year in Africa and Nedbank has won a local award.

SA banks may battle to meet new rules

2011-10-27 22:00

Local banks could face major challenges in complying with tougher global liquidity rules, says the Reserve Bank.

Banks not keen on deposit insurance plan

2011-08-28 13:41

Bickering between commercial banks and the national Treasury over the introduction of a deposit insurance scheme could stifle SA's development of small and cooperative banks.

Steady as she goes

2011-07-21 00:00

To make some sense of Nedbank’s sparsely worded second quarter 2011 trading update you have to go back six months, extrapolate a bit and read the tea leaves to try to figure out what is happening operationally inside SA’s number four bank.

Basel rules may squeeze SA banks

2011-06-30 19:03

SA banks may face big hurdles in trying to meet new Basel III global banking regulations, say analysts.

Mobile payments market booming

2011-05-08 11:07

In the 21st century, cash is obsolete – a hangover of an era where cash was king. The mobile space is currently where it’s at.

Old Mutual mum on Nedbank selloff talk

2011-04-04 13:38

Nedbank's majority shareholder Old Mutual has declined to comment on renewed speculation that it is likely to sell its stake in Nedbank.

Retail banks cut rates

2010-11-18 16:15

SA retail banks will cut lending rates following the Reserve Bank monetary policy committee's decision to cut the repo rate by 50 basis points.

Nedbank CEO rakes it in

2010-11-01 12:01

Nedbank CEO Mike Brown cashed in 80 000 share options earlier today.

Bonds remain flat in absence of news

2010-08-23 17:26

South African bonds remained flat as local traders had no fresh news to provide real direction and they started to eye the currency.

Banks declare fall in repossessed houses

2010-07-18 10:44

The good news is that less houses are being repossessed owing to mortgage defaults, but SA's largest banks say the consumer remains under a degree of pressure.

 

Capitec fraud case gets technical

2013-05-08 20:59

The trial of a former Capitec manager, alleged to have fraudulently accessed data to take with him to African Bank, has developed into a trial-within-a-trial.

Fin24 users finger banks over fraud

2013-05-03 17:41

Fin24 users are up in arms after being scammed out of thousands from their bank accounts in cases often involving SIM swaps with Vodacom and MTN.

Financial horror after identity theft

2013-04-16 11:01

A Gauteng man says he has spent R100 000 on legal fees to try and restore his credit profile after his identity was stolen by fraudsters five years ago.

New payment system for SMEs

2013-02-08 15:41

Nedbank has launched the first mobile system that will enable small businesses to accept payments by debit and credit card anywhere in the country.

Nedbank warns of car scam

2012-11-19 12:55

Nedbank has issued a scam warning concerning vehicle repossessions which implicates the firm the Motor Finance Corporation and auctioneers the bank uses.

ANC makes money on Mangaung

2012-10-28 10:49
155 comments

The ANC hopes to cash in at Mangaung with business people paying to rub shoulder's with the party's elite, it has been reported.

Nedbank: Bank costs hard to assess

2012-10-19 20:35

It is difficult to compare Nedbank's fees to those of other banks because it tailors its accounts to suit clients, says the bank.

Banking system security trumps BEE

2012-09-02 18:11

Basel III regulations will take precedence when it comes to dealing with BEE in banks to safeguard SA's financial stability, says an industry expert.

Standard Bank profits jump 9%

2012-08-16 09:42

Standard Bank has posted a 9% rise in first-half profit, helped by a jump in its core lending business, but cautioned about lean times ahead.

Fundraising blitz to save rhino

2012-05-07 12:02

The battle against rhino poaching is at a fever pitch, spawning scores of fundraising campaigns running from glamorous to gory.

JSE CEO wades into ANC-Khoza row

2012-04-13 16:37

JSE CEO Nicky Newton-King says critical comments by Nedbank chair Reuel Khoza, which have sparked a heated row, reflect uncertainty about government policy direction.

Old Mutual profit up on Nedbank strength

2012-03-09 10:05

Old Mutual has reported a 14% profit rise on cost cuts and strong growth at Nedbank.

No justice for 'clone' card con

2011-12-05 10:47

A man who discovered that plane tickets were fraudulently purchased on his credit card is furious that the airline and police did not apprehend the scammers at the airport.

SA banks blasted as 'climate killers'

2011-11-30 22:40

Two of South Africa's leading banks are the biggest "climate killers" among African banks, environmental activists say.

Nedbank staffer is new banks regulator

2011-10-06 18:18

The Reserve Bank says the head of risk management at Nedbank Capital will take over as registrar of banks in November.

Market turmoil may delay Old Mutual US IPO

2011-08-05 11:50

Old Mutual says stock market volatility may affect the planned initial public offering of its US fund management business.

Rates won't rise this time

2011-07-19 22:27

The MPC is unlikely to hike interest rates anytime soon, says Greta Steyn.

Nasty surprise as bank adjusts rates

2011-06-21 23:03
97 comments

Homeowners are fighting back after the interest rates on their bond repayments were quietly hiked.

Nedbank helps luxury brands go green

2011-04-07 11:54

The PPR group, which includes brands like Gucci and Yves St Laurent, has bought more than 98 000 tonnes of carbon offsets through Nedbank Capital.

Nedbank opens wind-powered branch

2011-03-29 20:03

While one would probably not associate Du Noon with renewable energy, this township just outside of Cape Town recently became the home of SA's first wind-powered bank branch.

Nedbank banking on retail

2011-02-16 18:25

Nedbank plans to turn around its retail division and capture more of the growing youth and entry level markets.

Nedbank to compete against Old Mutual

2010-11-03 18:26

Nedbank has unveiled 360Life which will allow it to compete against other major life insurers including its parent Old Mutual, which did not succeed in selling it to HSBC.

Nedbank issues further cautionary

2010-09-30 15:52

SA's fourth largest bank Nedbank has issued a further cautionary until a further announcement is made regarding HSBC's proposed offer.

Nedbank rumour keeps rand firm

2010-07-26 12:06

The rand continues its firm footing on the back of rumours out of the UK, that HSBC and Standard Chartered are in talks to take over banking group, Nedbank.

'Get real on investment growth'

2010-07-14 11:52

Top performing shares can disappoint backers, while unloved stock may produce exceptional returns, says an asset manager.

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