{
Nedbank Group Limited

Companies

}
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001122334455554433221100

nedbank plans african expansion with 662 million dollar investment strategy

Nedbank Group Ltd. is embarking on a significant expansion across Africa, aiming to reduce its reliance on South Africa and increase profits from other markets nearly fourfold over the next decade. With 12 billion rand ($662 million) in excess capital, the bank plans to invest in thriving sectors like natural resources and renewable energy, anticipating a transformative shift in its revenue mix.
bloomberg.com
South African Rand United States Dollar Nedbank Group Limited ZAF
Finance & Economy, Market Report
10:28 18.11.2024
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