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…