Nedbank pumps nearly R500-million into New GX Capital fund

Nedbank pumps nearly R500-million into New GX Capital fund

New GX Capital founder and CEO Khudusela Pitje New GX Capital’s clean-tech investment fund, Airnergize Capital Fund I, has secured US$28-million (R488-million) in funding from Nedbank CIB. Led by New GX Capital CEO Khudusela Pitje, Airnergize was launched in April this year with the intention of investing in renewable energy, gas and water infrastructure across…

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Nedbank enters South Africa’s mobile market

Nedbank enters South Africa’s mobile market

Nedbank is the latest non-telecommunication brand to enter the mobile market, launching an MVNO – or mobile virtual network operator. Nedbank Connect has partnered with MTN South Africa to provide the service to its clients and is offering aggressively priced data and voice plans. The build-your-own plan feature enables custom combinations of data, minutes and…

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Nedbank buying iKhokha in R1.65-billion deal

Nedbank buying iKhokha in R1.65-billion deal

Nedbank has acquired Durban-based payments fintech iKhokha for R1.65-billion in an all-cash deal. According to Nedbank, the acquisition marks a “significant milestone” in the bank’s strategy to deepen its support for small and medium-sized enterprises. “The acquisition is a pivotal moment in our strategy to empower the SME market,” said Ciko Thomas, group managing executive…

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