Nedbank

Nedbank Namibia recorded a total income of N$1.2 billion for the year ended 31 December 2022, representing an increase of 13% from the previous financial ...

highlights of the performance; headline earnings increased by 64% to R975 million from R594 million in 2021 and return on equity improved to 13.8% (9.3% in 2021). Solid growth from non-interest revenue was driven by continued recovery in client activity and increased client demand. Our clients continue to embrace digital transactions and we recorded 46% digitally active customers at the end of December. “The group continued to make good progress on its strategic value drivers of growth, productivity and management of risk and capital. The cost-to-income ratio decreased from 73.7% in 2021 to 67.3%: cost to income ratio of the SADC operations also improved to 77.7% (2021: 84.9%). These figures were confirmed yesterday by the Nedbank Namibia managing director Martha Murorua.

Nedbank Group Limited has declared a final dividend of N$8,66 per share for the 2022 financial year, and will also embark on a share buyback scheme to the ...

We do not plan to reduce our branch network but to adapt to meeting both the digital and physical needs of our clients and to provide more contact points for our customers' convenience,” said Murorua. She said while all the other banks have issued green and sustainability bonds – Nedbank Namibia intends not to issue such, as they momentarily have capital that they still need to disburse in the economy, and are busy funding renewable energy projects too, which are mainly the targets of these bonds. Murorua said the bank has over 105 000 clients and only 46% are digitally active, adding that the bank is hard at work to ensure that at least 50% of its clientele becomes digitally active. The headache of high NPLs is matched with a high cost to income ratio, which was recorded at 66% from 68% in 2021. Murorua said her team and the central bank had a meeting recently to discuss the NPLs, which are way above the industry average of 5,7%. Nedbank Group Limited has declared a final dividend of N$8,66 per share for the 2022 financial year, and will also embark on a share buyback scheme to the tune of N$5 billion.

It was a fast finish in the Nedbank Runified Breaking Barriers 50km to Pollock Beach as Nedbank Running Club (NRC) athlete Tete Morena Dijana (photo) ...

Get 14 days free to read all our investigative and in-depth journalism. 2h ago World records at Nedbank Runified Breaking Barriers 50km

Nedbank CEO Voices Concerns over Government's Failure to Address Power Outages and Impediments to Economic Growth Nedbank CEO Mike Brown has expressed alarm ...

[CEO](https://nnn.ng/tag/ceo/) Mike Brown has expressed alarm over the government’s inability to address the country’s persistent power outages, which are causing a significant drain on business operations and hindering job creation. [](https://nnn.ng/hausa/#=rariya hausa) [](https://nnn.ng/i/#=instagram link shortner) [Foreign](https://nnn.ng/foreign/)

“One of the key priorities for South Africa right now should be to decarbonise electricity generation,” highlights Nedbank Investment Banking Sustainable ...

Of course, the project would also have to meet the bank’s credit appetite and the potential client would have to be able to afford it. Being relevant to the demands of the future is what is important. That’s what we explain to our clients. Another area of focus for the lender is the mining sector, essential for the production of the metals, such as lithium and copper, that are essential for the energy transition. “Our team uses innovative financing approaches which are transparent allowing the project ‘impacts’ to be seen.” It’s also about building resilience, which is what we need, to preserve value. The project also has to be good and have merit. The South African power sector is very coal intensive right now and it needs to switch to greener energy sources. Her team would structure the sustainability aspects of the deal and work together with other teams in the bank to mobilise funding from external sources and combine them into a financial package for the client. Focusing on renewable power allows us and corporates in general to make a big impact in the near term.” “We, as a bank, are doing this by ensuring that we are allocating capital to energy projects that are supportive of transitioning away from coal-intensive technologies.” But the energy transition is not limited to electricity generation. The bank was the first South African commercial bank to issue a Green Bond, in 2019, and it financed the first private sector energy wheeling arrangement in the country.

Zimbabwe has been experiencing severe power shortages in the past few months, leading to increased demand for solar loans and renewable energy initiatives ...

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Nedbank Zimbabwe says it has seen increased demand for solar financing and renewable energy initiatives by corporates in Zimbabwe in order to counter power ...

"We have also led in the digital space with the introduction of the contactless card on Zimswitch," she said. Mr Terence Sibiya, the managing executive of Nedbank Africa Regions said on power challenges, the group has been accelerating the products it has been able to offer to clients. "We also found ourselves in terms of client priority, performing in the top three of the market in terms of brand visibility.

Nedbank chief operating officer Mfundo Nkuhlu. Big-four bank Nedbank is nearing the completion of its multibillion-rand digitisation project initiated in 2016.

Pirates are pinning their hopes of advancing to the quarterfinals of the Nedbank Cup. While Chiefs are buoyed by their successive three clean sheets which ...

“We did that when calls mounted and we strategised as a team to give him all the support he ever needed and one of those strategies was to endeavour to win our games. The Spaniard said people may label his side as favourites in the competition but he would not allow that mentality to creep into his players’ minds. We will take each game, including those outside the cup competition, seriously and aim for a win.

Ghanaian goalkeeper Richard Ofori has resumed full training, Orlando Pirates have revealed, but the club did not say whether the 29-year-old would be ...

“Monare is joined on the injury list by Goodman Mosele, who is scheduled to return to full training in the coming weeks with Bandile Shandu. ☠️ Watch the #NedbankCup Pre-Match Press Conference📺 Available on PiratesTV 👉🏿 https://t.co/3Gf0pg7mtq🏆 Round of 16⚽️ @orlandopirates vs @vendafootball📆 Sat, 11/03🏟 Orlando Stadium🕗 8pm🎫 @TicketProSA 👉🏿 https://t.co/mn0z8U1cz7⚫⚪🔴⭐#OrlandoPirates#OnceAlways ☠️ Watch the #NedbankCup Pre-Match Press Conference📺 Available on PiratesTV 👉🏿 https://t.co/3Gf0pg7mtq🏆 Round of 16⚽️ @orlandopirates vs @vendafootball📆 Sat, 11/03🏟 Orlando Stadium🕗 8pm🎫 @TicketProSA 👉🏿 https://t.co/mn0z8U1cz7⚫⚪🔴⭐#OrlandoPirates#OnceAlways— Orlando Pirates (@orlandopirates) March 8, 2023

Dondol Stars' twin victories over topflight opposition in this year's Nedbank Cup takes to 11 the number of occasions that opposition from the SAFA ...

But the joy would be short-lived as Stars equalised six minutes later with a goal that would take the game to extra-time. First it was Mhango’s shot that crashed back off the post, before Ethan Brooks struck the crossbar in extra-time. Pirates midfielder Oupa Manyisa pulled a goal back from Happy Jele’s square-ball, but Rantabane headed home with nine minutes remaining to secure a famous result. It all appeared to be going to plan for AmaKhosi as Zimbabwean hot-shot Knowledge Musona put Chiefs ahead in the 36th minute. The minnows might have been further ahead too, but Stars goalkeeper Tapuwa Kapini saved Buhlebuyeza Mkhwanazi's penalty, just to add to the drama. It was expected to be a routine assignment, but cheered on by a vociferous home crowd, the home side grabbed the win. And they were almost level when the latter’s shot hit the underside of the crossbar but bounced out instead of in, and Royals were able to celebrate a famous victory. And Mokoena had a chance for the hat-trick when the home side were awarded a penalty, but he could not get power in his shot and the opportunity was wasted. But boy, would they surprise. Chiefs had numerous opportunities in the second half to secure the win, but after a litany of misses, were made to pay for their wastefulness in front of goal. This was the first time a third-tier side had beaten Premiership opposition in the Last 16. It was just the second ever Last 16 victory for a minnow side over a DStv Premiership team, and the first in 12 years.

Sport - Date: 10 March 2023. Written by: Frank Mavhungu / Viewed: 196. While some of the teams affiliated to the Motsepe Foundation Championship League will ...

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