Nedbank

South Africa’s plan to take over part of Eskom’s R396 billion ($24 billion) debt is in the “the right direction,” because the power utility is “too big to fail,” Nedbank Chief Executive Officer Mike Brown said. South Africa’s Treasury is…

JEANETTE CLARK: In 2020, when the South African economy contracted by a record 7%, the agriculture sector was the only one other than government services to contribute positively to GDP, growing at the time by 13%. In 2021 it looks like…

Global consultancy Bain & Co. and Nedbank Group, South Africa’s fifth-largest lender, denied willfully facilitating or being party to corruption after a judicial inquiry found their conduct wanting in their dealings with state-owned…