Nedbank says it has completed its major restructuring plan for the organisation, but the South African banking group warned that its performance for 2025 will likely remain weak. The update …
BankingFinancial MarketsINVESTMENTSouth Africa Economy
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- BusinessCommoditiesEconomyFinanceINVESTMENTMiningSouth Africa
South African Rand Falls as Investors Await Key Economic Data
The South African rand weakened in early trading on Tuesday as investors awaited the release of key domestic economic indicators that could provide fresh insight into the country’s financial outlook. …
- African EconomyBankingFinancial Inclusion
Ecobank Targets Stronger Second Half as CEO Jeremy Awori Banks on Diverse Growth
Pan-African banking giant Ecobank has expressed confidence in achieving stronger financial performance in the second half of 2025, with Group Chief Executive Officer Jeremy Awori saying the lender’s diversified operations …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsPoliciesSouth AfricaTrade and Commerce
South African Rand Gains Slightly as Ramaphosa Confirms Meeting with U.S. President
The South African rand gained a bit of strength on Thursday morning, trading at 18.22 to the U.S. dollar around 6:22 a.m. GMT. This marks a 0.3% improvement from where …
- EconomyEnergyFinance & ServicesGOVERNMENTInternational RelationsManufacturingMarketsSouth AfricaTrade and Commerce
Rand Slips Ahead of Manufacturing Data as Analysts Watch Power, Ports, and Global Signals
The South African rand lost a bit of ground in early trading on Thursday, May 8, as traders waited for the country’s latest manufacturing output figures. According to market data, …
- Banking, Finance & InvestmentSouthern AfricaTechnology
Nedbank customers experience digital banking outage
Nedbank customers report that they are experiencing problems accessing the bank’s mobile app and digital channels on Friday morning. Reports of issues with the app surged on Downdetector from around 07:30, …
SARB, The South African Reserve Bank has imposed R35 million in fines on Nedbank for failures that included not reporting cash transactions of large amounts and shortcomings in record-keeping. The …
Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader …