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]

Sasol to sell stakes in Mozambique pipeline, power plant – sources

26 Jun 2020 /  Emma Rumney, Helen Reid and Tanisha Heiberg, Bloomberg    5
In bid to pay off its debt pile.

Standard Bank heading for another action-packed AGM

25 Jun 2020 /  Ann Crotty   12
Shareholders not happy about conflicted directors, long-serving ‘independent’ directors, and executive remuneration.

Banks lend R7bn in first month of Covid-19 guarantee scheme

19 Jun 2020 /  Tebogo Tshwane    3
Negotiations underway to increase uptake.

How much SAA owes the banks and other creditors

18 Jun 2020 /  Hilton Tarrant   31
And which banks? Two in SA have exposure totalling R5.2bn …

Rand firms but gains limited by virus surge, geopolitics

17 Jun 2020 /  Olivia Kumwenda-Mtambo, Reuters  
At 0640 GMT, the rand traded at R17.17 per dollar, 0.36% firmer than its previous close.

‘Significant increase’ in R200bn Covid-19 credit guarantee scheme loans

17 Jun 2020 /  Tebogo Tshwane    3
More changes expected to oil payouts in uncertain pandemic environment.

SA hopes to ease access to Covid loans amid low payouts

15 Jun 2020 /  Emma Rumney, Reuters   1
Changes include tweaks to turnover threshold, payment holidays.

Troubling car instalments when finances bite

12 Jun 2020 /  Adriaan Kruger   14
It's not a crisis yet, but an increasing number of people are struggling with their vehicle repayments.

Klimaatveranderingsaktiviste teiken Standard Bank

9 Jun 2020 /  Moneyweb  
Tracey Davies – direkteur, Just Share

Life Healthcare hit by cyber attack

9 Jun 2020 /  Aniruddha Ghosh, Reuters  
Hospital operator is the third major South African company to be targeted by hackers this year.

It just got much harder to litigate consumers into bankruptcy

9 Jun 2020 /  Ciaran Ryan   25
After Western Cape High Court gave Standard Bank the boot.

Standard Bank urged to oust directors over climate concerns

8 Jun 2020 /  Antony Sguazzin, Bloomberg   3
Together, the directors represent about two-fifths of Standard Bank’s board. The lender’s AGM will be held on June 26.

SA banks at risk of deepest profit slump in 50 years

8 Jun 2020 /  Roxanne Henderson, Bloomberg    18
As lockdown measures lead to a surge in bad debts.

Rand hits 11-week high

UPDATE
5 Jun 2020 /  Mfuneko Toyana, Reuters   4
Stocks gain.

Rand strengthens to below R17/$, pandemic investment opportunities and battle of the banks

4 Jun 2020 /  Simon Brown   
Mia Kruger of Kruger International on dollar investments with a stronger rand, Sasfin Securities's Nick Dakin on finding investment opportunities during the pandemic and Victor Mupunga of Old Mutual talks competition between the banks and how it differs from 2008.

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