Nedbank Group reported a 2% increase in headline earnings to R17.2 billion for the year ended Dec. 31, 2025, as it completed the sale of its Ecobank stake and settled a dispute with Transnet. Diluted headline earnings per share rose 3% to 3,628 cents. Return on equity eased to 15.4% from 15.8%. The bank declared…
Ray Naicker has resigned as Nedbank group CIO. Nedbank Group chief information officer (CIO) Ray Naicker, who is also a member of the Nedbank Group executive committee, has resigned with effect from 31 January. Naicker was appointed as Nedbank Group CIO in February 2023 after being promoted from the position of chief digital officer. In…
Nedbank CIO Ray Naicker Nedbank Group has announced the resignation of its group chief information officer, Ray Naicker, with effect from Friday. Naicker, who is also a member of Nedbank’s group executive committee, has held a number of senior roles at the bank over the past two decades, including group chief digital officer, group programme…
Nedbank has announced some changes to its board of directors. Big-four bank Nedbank has appointed IT gurus to its board of directors’ Group IT Committee. In a statement yesterday, Nedbank announced that Dixit A Joshi, Natasha Davydova and Sanat Rao have been appointed as independent non-executive directors with effect from 15 January 2026. Joshi will…
After 16 weeks of nail-biting competition, the 2025 Nedbank Pitch & Polish season came to a thrilling conclusion with a life-changing win for Gauteng entrepreneur Prudence Mabaso, founder of The Kitchen Wrap Company. Prudence walked away with the top prize worth R1 million – made up of R650 000 in cash and a R350 000…
Nedbank’s Eugene Liebenberg Nedbank Connect, Nedbank’s recently launched mobile virtual network operator (MVNO), is taking a slow and steady approach to entering the South African market, but its ambitions are broader, with other markets in Africa firmly in its sights. Eugene Liebenberg, head of digital products at Nedbank, said in an interview with TechCentral that…
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…
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…
Nedbank has agreed to acquire Durban-based fintech iKhokha for R1.65bn in an all-cash deal. The transaction, which is subject to regulatory approval, is expected to be finalised in the coming months. According to a statement cited in a MyBroadband report, the bank said the acquisition will allow it to merge iKhokha’s payment technology with Nedbank’s…
Nedbank has acquired Durban-based payments fintech iKhokha in an all-cash deal valued at R1.65 billion. This acquisition is a significant move for Nedbank, as it looks to strengthen its support for small and medium-sized enterprises (SMEs) in South Africa. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: iPad Pro and VR? “The acquisition is a…
