Nedbank, led by Jason Quinn, hits 8 million clients for the first time in its 138-year history
South Africa's fourth-largest bank crossed the 8-million client mark for the first time in its 138-year history, posting R17.2 billion in earnings.
Skip to content
South Africa's fourth-largest bank crossed the 8-million client mark for the first time in its 138-year history, posting R17.2 billion in earnings.
The deal, to be executed through Nkontchou’s private investment firm, Bosquet Investments, will mark the end of Nedbank’s 17-year partnership with Ecobank.
iKhokha’s trio of founders stand to pocket millions as Nedbank snaps up the decade-old fintech in a $94 million deal.
The South African bank confirmed that the stake, classified under IFRS 5 as a non-current asset held for sale, has a market value of R1.9 billion ($105.8 million).
The African Continental Free Trade Area (AfCFTA) could transform Africa’s economy, but a $100-billion annual infrastructure gap remains a hurdle.
Nedbank is reorganizing its investment banking unit to target Africa’s growing debt market.
Davis, a leading South African banker and executive ranks as one of the country’s most affluent executives.
What truly sets Nkuhlu apart is his keen acumen for business in emerging economies, corporate governance, and stakeholder management.
Nkuhlu owns a beneficial 0.043-percent stake in Nedbank, valued at $3.29 million.
The leading South African bank made the disclosure in a voluntary trading update on the Johannesburg bourse.