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 Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Peter Hain (Wits Business School) and Steven Powell (Director in Forensics at ENS Africa).
The bank added 400 000 retail clients in the five months to June 2017, thereby surpassing Absa in customer numbers.
Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.
ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
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?