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Ahead of May manufacturing output data due on July 9, 2026, Nedbank economists forecast a 3% year-on-year contraction, citing high domestic cost structures caused by inefficient and expensive general economic infrastructure, alongside higher US tariffs and rising local fuel prices. The rand nonetheless firmed against the dollar in early trade, while South Africa's benchmark 2035 government bond yield eased slightly.
Nedbank cited for 43-year backing of M&D at new Sandton headquartersAt the July 9, 2026 opening of M&D Construction Group's new Sunninghill headquarters, marking the formal integration of M&D with Namibia's Afri-Track Group, chief executive Rukesh Raghubir thanked Nedbank for its 43-year partnership with the business. The new facility, designed to accommodate at least 50% additional growth, supports M&D's expansion into railway infrastructure across southern Africa.
Nedbank backs Tharisa's underground transitionNedbank Corporate and Investment Banking has extended a R750-million asset revolving finance facility, with an accordion option to R1.25-billion, to fund Tharisa's specialised underground mining fleet at its chrome and platinum-group-metal mine on the Bushveld Complex's western limb, supporting first ore in mill expected early in the second half of 2026.
Nedbank Updates
Nedbank Corporate and Investment Banking (Nedbank CIB) has structured and underwritten a $500-million credit facility for gold major AngloGold Ashanti's Geita gold mine, in Tanzania. In a media...
Few gold projects can claim to be building a new mine in the heart of Johannesburg while drawing on one of the most prolific gold basins in mining history. For ASX-listed West Wits Mining, that is...
M&D Construction Group has marked a significant milestone in its 43-year history with the official opening of its new headquarters at 10 Kikuyu Road, Sunninghill, Sandton. Designed to embody the...
Johannesburg- and London-listed mining, metals and innovation company Tharisa has secured a new R750-million (about $45.5-million) asset revolving finance facility from financial services provider...
London-listed Kenmare Resources has announced that its revolving credit facility (RCF) has been increased by $30-million to $230-million. Covenants relating to net debt to earnings before interest,...
Africa's renewable energy transition is most often framed in terms of capital: how much has been committed, how much more is needed, and what financing structures might bridge the gap. That framing...
The Nedbank Kusini Accelerator Programme is showing how practical enterprise development can help turn an essential service into a source of local economic opportunity. As access to safe,...
The Chartered Institute of Logistics and Transport South Africa (CILTSA) has confirmed Dr Andile Sangqu, Chairperson of Transnet, as keynote speaker for its ESG Conference taking place on Tuesday,...
South African independent power producer Mulilo has successfully reached financial close on the Hartebeesfontein battery energy storage system (BESS) project, a 77 MW/308 MWh facility located near...
In this article, independent power producer SOLA Group assets MD Katherine Persson writes that South African businesses are looking for more predictable energy costs, that wheeling and virtual...
Energy has a way of making itself felt before it appears in a budget line. When a mine loses shifts to power cuts, or a manufacturer is running diesel generators as a primary source for the third...
The Naos-1 project is a landmark 435 MWp solar PV and 660 MWh battery energy storage project, developed entirely by SOLA Group.
At a panel discussion hosted by Nedbank at this year's NAMPO Harvest Day, one message emerged clearly from farmers, scientists, financiers and technology providers: the future resilience of...
Wine industry leaders and stakeholders convened in Stellenbosch, in the Western Cape, this week to assess the future of South African wine, with speakers taking stock of the economic headwinds,...
Naos-1 represents the largest solar and battery facility developed specifically for private offtakers in South Africa.
A binding term sheet for a senior loan facility of up to a R875-million has been secured by West Wits Mining, which is reviving gold mining on the very doorstep of the City of Gold. The new loan...
The South African rand was steady in early trade on Wednesday, ahead of the release of inflation data which is expected to reflect pressures from the war in the Middle East. At 0619 GMT the rand...
Construction of Shaft 3, and its associated underground materials-handling and crushing infrastructure, is in the final stages of commissioning.
Financial services firm Nedbank Corporate and Investment Banking (Nedbank CIB) has provided $700-million debt financing for Phase 2 of TSX-listed diversified mining company Ivanhoe Mines' Platreef...
The South African rand gained against a weaker dollar in early trade on Friday, as investors remained optimistic about a potential US-Iran peace deal despite renewed hostilities. The United States...
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