Our South African businesses grew by about 7%.— Mike Brown, Nedbank
If we don’t get a local currency downgrade we expect 100 basis points in interest rate cuts in this cycle.— Mike Brown, Nedbank
Nedbank reported a 3.7% drop in profits for the first half of 2017.
The bank was hammered by poor performance of the West African Ecobank, of which it owns roughly 16%.
The Money Show’s Bruce Whitfield interviewed Nedbank Group CEO Mike Brown.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Our investment in ETI continues to underperform.— Mike Brown, Nedbank
We didn’t anticipate the collapse in the oil price and Nigeria going into a recession.— Mike Brown, Nedbank
Investments in the African continent are long-term.— Mike Brown, Nedbank
The IMF projects growth of about 3% in Nigeria. At that rate of growth you’ll find our investment in ETI performing well.— Mike Brown, Nedbank
We project the South African economy to grow by 0.6% in 2017.— Mike Brown, Nedbank
We are the only bank where you can do a mortgage application online.— Mike Brown, Nedbank
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.
The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.
South Africa’s loss is Standard Bank’s gain. The Money Show’s Bruce Whitfield interviews Standard Bank Group CEO Sim Tshabalala.
It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The bank added 400 000 retail clients in the five months to June 2017, thereby surpassing Absa in customer numbers.
Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.
The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.
50 years ago the retailer started out when Raymond Ackerman bought three tiny stores from Click founder Jack Goldin.
Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.
The EFF lawyer stole the show during the state capture report court battle.
Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?