Private investments in energy generation will take two to three years before they solve the load shedding problem, Nedbank CEO Mike Brown said.
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Mteto Nyati joins Duncan McLeod on TC|Daily to chat about his investment in BSG, the evolving IT sector, South Africa’s future and more.
The former Altron CEO will join the bank’s board and will advise the company on IT strategy as a member of the group IT committee.
Nedbank Group wants to almost double its lending to green energy projects in South Africa over the next two years.
Nedbank’s “super app” Avo will now sell Apple products after the bank was appointed as an Apple authorised reseller for the South African market.
Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.
Cape Town has threatened to scrap contracts with companies including EOH, EY and Nedbank after the firms were named in the Zondo probe into state capture.
Since much of Africa’s population has limited access to financial services, the continent is one of the world’s most attractive banking opportunities as incomes rise.
MTN South Africa said on Monday that users of its MoMo mobile money platform can now “cash out”, or withdraw funds, at Nedbank-owned ATMs.
Banks say they have to keep funding at least some coal projects for now because an immediate halt would cause upheaval.