LATEST NEWS FOR Nedbank Group Ltd.  

Nedbank Group is one of SA’s four largest banking groups by assets and deposits, with Nedbank Ltd. being its principal banking subsidiary. Nedbank Group is a JSE Top 40 company with its ordinary shares listed on the JSE since 1969 and on the Namibi... [more info]

Exec salaries: Will a cut boost morale?

2 Apr 2020 /  Ann Crotty   6
Exec skills will be critical in coming months, but the work of millions of front-line workers will be essential – and dangerous.

Fitch, Moody’s downgrade SA banks to junk

1 Apr 2020 /  Emma Rumney, Reuters   2
It said the lenders' overall sovereign exposure, including loans to often troubled state-related entities, averaged at 176% of their capital bases.

South African banks cut deeper into junk by Fitch on virus

1 Apr 2020 /  Vernon Wessels, Bloomberg   
Ratings reduced by one notch to BB.

A curious case of ‘window dressing’?

1 Apr 2020 /  Larry Claasen   8
Fund managers could be boosting their portfolios to distract their clients.

Banks are taking applications for Oppenheimer donation

31 Mar 2020 /  Melitta Ngalonkulu   10
Businesses can apply for funding of R750 per employee per week, for a period of 15 weeks.

All the Covid-19 relief announced by SA banks so far

31 Mar 2020 /  Hilton Tarrant  
And why FNB waited before moving …

FNB fourth bank to offer payment holiday amid Covid-19 outbreak

30 Mar 2020 /  Melitta Ngalonkulu   8
From April to June, for customers who show sound banking behaviour.

Big banks: up to a fifth of borrowers may not qualify for relief

30 Mar 2020 /  Emma Rumney, Reuters   1
The sector announced industry-wide parameters for support last week.

Covid-19: Where are our banks’ bazookas?

UPDATE
29 Mar 2020 /  Hilton Tarrant    12
Relief measures announced so far aren't going to cut it.

SA banks ‘underwhelm’ with response to virus fallout

27 Mar 2020 /  Roxanne Henderson, Antony Sguazzin and Janice Kew, Bloomberg   22
Labour unions and small business owners call for 'big bang intervention'.

SMEs call for urgent financial assistance

24 Mar 2020 /  Melitta Ngalonkulu   8
As the Covid-19 pandemic makes them cash-strapped.

How far the JSE’s biggest companies have fallen

23 Mar 2020 /  Hilton Tarrant   29
More than 30% down for 23 of the 40 largest so far this year ….

Ex-Old Mutual boss Moyo resigns from Nedbank board

20 Mar 2020 /  Emma Rumney, Reuters  
Following drawn out court battle between the CEO and Old Mutual.

Johannesburg bank stocks plunge by record as virus woes hit rand

18 Mar 2020 /  Adelaide Changole, Bloomberg   1
The rand slumped as much as 2.9%, breaching its lowest level against the dollar on record.

Crunch time for Necsa

18 Mar 2020 /  Chris Yelland   3
SA’s national nuclear company has run out of operating capital.

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