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Nedbank

Nedbank is a major South African banking and financial services group headquartered in Johannesburg. The group operates primarily in South Africa and also has a presence in other African countries, the United Kingdom and the Isle of Man. Nedbank is one of the four largest banking groups in South Africa, alongside Standard Bank, FirstRand and Absa. It is a majority-owned subsidiary of Old Mutual, a financial services conglomerate, though it is separately listed on the Johannesburg Stock Exchange. The bank provides a comprehensive range of retail, commercial, corporate and investment banking services, as well as wealth management and insurance products. Its core business segments include Nedbank Retail and Business Banking, Nedbank Corporate and Investment Banking, and Nedbank Wealth. Nedbank serves millions of individual and business clients across its branch network, digital platforms and automated channels. The group employs tens of thousands of people. Nedbank is active in economic research and regularly publishes analysis and forecasts on South African and regional economic trends, including inflation, interest rates, currency movements and sector performance. The bank was formed in 1888 as the Netherlands Bank of South Africa and adopted the Nedbank name in 1971. It has grown through organic expansion and acquisitions to become a significant player in the South African financial sector.

Latest Articles in 60 Seconds

Nedbank economists flag manufacturing sector strain as rand firms

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 headquarters

At 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 transition

Nedbank 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


Processing plant at AngloGold's Geita operation in Tanzania
Nedbank CIB underwrites mining credit facility for the Geita gold mine
14th July 2026 By: Sabrina Jardim

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... 


FUNDING IN PLACE
West Wits Mining has completed the funding package for Qala Shallows through definitive agreements with financial institutions
West Wits advances from developer to producer
10th July 2026

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 signals confidence through new headquarters and regional expansion
9th July 2026

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... 


The first blast at the Tharisa mine
Tharisa secures new R750m asset revolving finance facility from Nedbank
25th June 2026 By: Creamer Media Reporter

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... 


Kenmare upsizes revolving credit facility by $30m
Kenmare upsizes revolving credit facility by $30m
24th June 2026 By: Sabrina Jardim

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,... 


Nedbank Corporate and Investment Banking Divisional Executive of Trade Niron Rampersad
Capital to cargo and the real test of the energy transition
18th June 2026

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... 


Nedbank, Kusini accelerate the future of water access through innovative funding model
17th June 2026 By: Natasha Odendaal

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,... 


Transnet Chairperson Dr Andile Sangqu Headlines CILTSA ESG Conference
12th June 2026

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,... 


An artist's impression of the Hartebeesfontein BESS project
Mulilo makes further inroads with Hartebeesfontein BESS financial close
11th June 2026 By: Sabrina Jardim

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... 


SOLA Group assets MD Katherine Persson
Opinion: The rise of electricity wheeling – the silent winner of the energy transition
9th June 2026

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... 


Nedbank Corporate and Investment Banking Associate Principal for Energy Corporate Finance Shiraz Mohideen
Strategic capital is reshaping Africa's energy landscape
9th June 2026

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... 


Construction under way at the Naos 1 project
Naos-1 hybrid solar and battery project, South Africa – update
5th June 2026 By: Sheila Barradas

The Naos-1 project is a landmark 435 MWp solar PV and 660 MWh battery energy storage project, developed entirely by SOLA Group. 


Facilitator Chris Burgess, editor-in-chief, Landbouweekblad and African Farming, with speakers Dr Hendrik Smith, regenerative and conservation agriculture specialist, Asset Research; Kudzayi Mazikana, head of sustainability, Nedbank Commercial Banking; Dr Karin Nel, microbiologist, University of Stellenbosch; and Stephan Nel, managing director, Case IH.
Regenerative agriculture is no longer a sustainability conversation. It is a business imperative
1st June 2026

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... 


Political analyst Dr Mpumelelo Kansas Mkhabela
South African wine industry deliberates on its future in the current global context
29th May 2026 By: Sabrina Jardim

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,... 


Battery and solar panels
Naos-1 hybrid solar PV and battery energy storage project, South Africa
22nd May 2026 By: Sheila Barradas

Naos-1 represents the largest solar and battery facility developed specifically for private offtakers in South Africa. 


Qala Shallows mining personnel.
Gold mining on City of Gold's doorstep wins broader bank support
21st May 2026 By: Martin Creamer

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... 


Bank notes
South African rand steady before local inflation reading
20th May 2026 By: Reuters

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... 


Aerial view of the Platreef Mine site, showing the existing surface infrastructure, as well as an outline of the locations for the future Phase 2 and 3 concentrators, adjacent to the current Phase 1 concentrator
Platreef palladium/rhodium/nickel/platinum/copper/gold project, South Africa – update
15th May 2026 By: Sheila Barradas

Construction of Shaft 3, and its associated underground materials-handling and crushing infrastructure, is in the final stages of commissioning.  


Aerial view of the Platreef mine site, showing the existing surface infrastructure, as well as an outline of the locations for the future Phase 2 and 3 concentrators, adjacent to the current Phase 1 concentrator.
Nedbank arranges $700m for Phase 2 of Ivanhoe’s Platreef mine
12th May 2026 By: Schalk Burger

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... 


Rand currency
South African rand gains on weaker dollar, optimism over potential US-Iran deal
8th May 2026 By: Reuters

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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