Nedbank Group Limited. JSE: NED

Nedbank shares

Background of Nedbank

  • The Nedbank Group is South Africa’s fourth largest banking group and a constituent of the Johannesburg Stock Exchange (JSE) Top 40 Index. It forms a part of the Old Mutual Group. Nedbank’s history can be traced back to 1831, with the establishment of the Cape of Good Hope Bank in Cape Town.

  • The group provides transactional, corporate and investment banking services to a diverse client base including leading corporations, financial institutions, state owned entities and governments in South Africa and the rest of Africa. The group is split into four major divisions: Corporate and Investment Banking, Retail and Business Banking, Nedbank Wealth and Rest of Africa.

  • Nedbank’s primary market is in South Africa, but the group also has a widespread presence in the rest of southern and East Africa, with subsidiaries and banks in Swaziland, Namibia, Mozambique, Malawi, Lesotho and Zimbabwe. The group has also decided to buy into partnerships in West and Central Africa. Outside Africa the group has established a presence in key global financial centres, providing international financial services for SA-based multinational and high-net-worth clients in the Isle of Man, Guernsey, Jersey and London, Toronto and Dubai.

  • The group has approximately 7.4 million clients, 30 000 employees, an asset value of around R900 billion and a JSE market cap of approximately R90 billion.

Nedbank Shares Growth Driver

  • Despite the tough economic and business environment in South Africa and emerging economies in Africa, Nedbank has managed to maintain solid performance, with headline earnings coming in at a record R10.2 billion in 2015. Corporate and Investment Banking contributes almost half of the group’s earnings, with Nedbank managing to establish itself as a leading industry expert in mining and resources, oil and gas, telecoms, energy, infrastructure and commercial property finance.

  • The group’s client base is expanding year-on-year, and a number of key partnerships have allowed for healthy expansion out of South Africa. Most important of these is the alliance that was formed with Ecobank in 2014. The decision to buy 20% of Ecobank, which is Africa’s largest banking network expanding across 39 countries, is forecast to drive long-term growth for the group and Nedbank share price.

  • Despite a muted forecast for South Africa’s economy and the financial sector as a whole, Nedbank is making substantial capital investments in client-centred innovation, growing transactional banking volumes and establishing a pan-African footprint.

Nedbank Group Investor Tip

  • Nedbank share price has suffered due to economic certainty in its main market, but the group is continuing to deliver strong dividends and solid increases in net asset value per share. Growth is expected to be slower in the short-term, but a strong management team and good strategies are in place to mitigate the effects of economic instability.

  • For sale on the JSE, Nedbank shares are currently an attractively priced purchase and offer good investment value, with great potential upside once economic conditions improve slightly.

Nedbank Major Shareholders

Old Mutual Life Assurance, Coronation Fund Managers, Public Investment Corporation, Nedbank Group treasury shares.

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How to buy Nedbank Group Shares

  • Nedbank : How to buy Nedbank Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Nedbank Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Nedbank and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Nedbank Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Nedbank.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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