Nedbank scoops global award

2013-12-02 11:02

Nedbank Group has been named South African Bank of the Year for 2013 by leading global banking publication The Banker magazine at a gala function in London.

SA banks still profitable in Zim

2013-08-30 09:58

Standard Bank Group's Zimbabwe unit Stanbic Bank as well as Nedbank-owned MBCA have remained profitable, despite the country's challenging banking environment.

Delta Property plans R300m bond sale

2013-05-07 14:00

Newly-listed black-owned listed property company Delta Property Fund plans to sell as much as R300m of bonds to help repay revolving credit facilities.

Nedbank full-year profit up 19%

2013-02-25 08:40

Nedbank, SA's fourth-largest bank, has undershot market expectations with a 19% rise in full-year earnings, as growth in profit from loans was thin.

Nedbank is SA's most expensive bank

2013-01-17 15:06

Nedbank has again emerged as the most expensive bank in South Africa, an annual bank charges report shows.

Nedbank ups revenue

2012-10-29 09:25

Nedbank has reported a 14% increase in non-lending revenue for the first nine months of the year, helped by higher fees.

Nedbank chair warns of rogue state

2012-08-16 11:23

South Africans should take note of warnings that the country could be on the path to becoming totally corrupt, Nedbank chairperson Reuel Khoza says.

Nedbank hits back

2012-08-03 17:13

Nedbank responds to a user's claim that he is being ripped off.

Nedbank rips me off, says Fin24 user

2012-08-01 13:36

A Fin24 user says while Nedbank celebrates its results, the bank is ripping off its customers with fee increases.

Nedbank interim shares rise

2012-07-26 16:30

Nedbank Group expects diluted Heps for the six months ended June 30 to be 21% to 26% higher than the previous comparative period.

Zimbabwe takes aim at banks

2012-07-03 11:41

Zimbabwe has given foreign-owned banks a year to hand over 51% stakes to locals, as President Robert Mugabe ramps up the country's empowerment drive.

Nedbank posts double-digit growth in Q1

2012-05-04 11:00

Nedbank has reported a double-digit rise in first-quarter income from fees and lending, as it benefits from a push to revitalise its once-suffering retail unit.

Khoza unperturbed by Manyi attack

2012-04-10 12:03

Nedbank chair Reuel Khoza appears unfazed after being lambasted by government spokesperson Jimmy Manyi.

More banks drop Auction Alliance

2012-03-01 08:33

As probes into claims of kickbacks for preferential treatment continue, more banks have ceased trade with Auction Alliance pending the outcome.

Nedbank hits 11-yr high on earnings

2012-02-29 12:24

Nedbank shares have jumped to their highest level since January 2001, as the bank reported a 25% rise in full-year earnings and a substantial dividend hike.

Financial mess 'unintended', says Nedbank

2012-02-12 15:59

Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.

Nedbank eyes leap in earnings

2012-02-06 09:43

Nedbank Group says it expects full-year earnings to rise by as much as 28%, boosted by higher non-interest revenues and a better-performing retail unit.

Nedbank offers hi-tech debt monitoring

2012-01-24 08:11

Bank clients can look for options to save their homes from repossession when they are in danger of falling back on payments.

Nedbank and AECI conclude R1bn deal

2011-12-15 12:35

Nedbank is to provide AECI wth a facility to help the firm expand its work in the mining sector.

Poor snub Mzansi account

2011-12-11 12:49

The low-cost Mzansi account launched by banks in 2005 amid much fanfare, is on the brink of extinction.

Africa a potential jackpot for SA banks

2011-10-02 15:05

Up to 90% of Africans do not have access to banking services and with almost a billion potential clients this holds great promise - and unique risks.


Nedbank, Transnet agree on R1.1bn loan

2013-09-11 17:16

Nedbank and Transnet have signed a R1.1bn loan agreement to fund the last 53 of 143 diesel locomotives built by Transnet, with the help of a US guarantee.

SA banks may be forced to list on ZSE

2013-05-21 10:39

Zimbabwe may compel SA and other international banks operating in the country to list on its stock exchange, Finance Minister Tendai Biti reportedly said.

Nedbank to convert Ecobank loan

2013-02-26 08:07

Nedbank expects to exercise its right to an acquire Ecobank stake as early as November and will pay for the deal out of its own cash, its CEO says.

Banks taken to task over repossessions

2012-08-17 15:04

An advocacy group has taken SA's big four banks as well as the Reserve Bank to the high court for a full investigation into the banking system.

Old Mutual shines on Nedbank strength

2012-08-08 09:32

Insurer Old Mutual has posted a 12% rise in first-half profit helped by Nedbank's strong performance, and plans to expand across sub-Saharan Africa.

Nedbank lifts JSE

2012-08-03 13:58

The JSE share market picked up pace‚ boosted by strong performances in the financial and banking sectors‚ with Nedbank reaching a record high.

Nedbank first-half profit up 24%

2012-08-01 09:23

Nedbank Group has reported an expected 24% jump in first-half profit, helped by a surge in fees and commissions, and says it will meet full-year targets.

Absa rivals to escape its debt woes

2012-07-06 15:04

Thanks to more prudent loan provisions, SA's big lenders such as Standard Bank are unlikely to be hit by the spike in bad debts that has plagued Absa Group.

Old Mutual sales get emerging market lift

2012-05-10 12:21

Insurer Old Mutual has reported better-than-expected quarterly sales, as growth in emerging markets partly offset a downturn in economically troubled Europe.

ANC lashes Nedbank's Khoza

2012-04-13 08:18

Two senior ANC members have lambasted Nedbank chairperson Reuel Khoza for his comments about a lack of leadership in South Africa.

Nedbank: SA leaders undermine law

2012-04-02 09:01

South African's "strange breed" of leadership needs to adhere to the institutions that underpin democracy, Nedbank chairperson Reuel Khoza says.

Hard times over for SA's major banks

2012-03-11 15:31

After a couple of difficult years, SA's four big banks have again shown good growth in earnings and the sector is looking healthy.

Nedbank earnings jump 25%

2012-02-29 08:46

Nedbank Group has posted an expected 25% rise in full-year earnings, boosted by a substantial fee hike and underpinned by higher loan income.

Banks move into Mzansi market

2012-02-03 07:54

Absa has become the latest of SA's big four banks to target the entry-level market with a new simplified account.

Old Mutual to dump Nordic unit for $3.2bn

2011-12-15 10:26

Insurer Old Mutual is planning to sell its Nordic business to Skandia Liv for $3.2bn, to cut debt and return surplus capital from the deal to shareholders.

Nedbank earnings to beat target

2011-11-02 09:42

SA's fourth-largest lender Nedbank Group expects full-year earnings growth to exceed targets after a strong rise in fees and commissions.

Woolworths added to Sustainability Index

2011-09-16 12:01

SA retailer Woolworths says it has been included in the Dow Jones Sustainability Index.

Banks to retrench workers

2011-08-11 07:31

Retrenchments are looming in the home loan departments of two major banks, according to a media report.

Nedbank profit jumps 26%

2011-08-01 08:54

Nedbank Group, SA's fourth-largest bank, has reported a 26% rise in first-half profit as bad debt charges fell and revenue from fees and commissions grew.

Big four banks trek into Africa

2011-07-24 16:01

SA customers are poised to benefit from alliances local banks have forged with other lenders in Africa.

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