Stock NED NEDBANK GROUP LIMITED
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Company Nedbank Group Limited

Equities

NED

ZAE000004875

Banks

End-of-day quote Johannesburg S.E.
Other stock markets
 06:00:00 2024-04-17 pm EDT 		5-day change 1st Jan Change
215.6 ZAR +1.16% Intraday chart for Nedbank Group Limited -4.88% -0.28%
10:52am South African insurer Old Mutual gets green light to establish bank RE
Apr. 02 Nedbank Group and Nedbank Announces Changes to the Boards and Board Committees CI

Business Summary

Nedbank Group Limited is a banking group organized around 4 areas of activity:

- retail and commercial banking (63.8% of net interest income);

- corporate and investment banking (24.5%);

- asset and wealth management (2.7%). The group is also engaged in insurance activity;

- other (9%).

At the end of 2021, the group had ZAR 971.8 billion in current deposits and ZAR 831.7 billion in current loans.

Number of employees: 25,900

Sales per Business

ZAR in Million2022Weight2023Weight Delta
Nedbank Retail and Business Banking
57.7 %
37,052 57.5 % 40,719 57.7 % +9.90%
Nedbank Corporate and Investment Banking
25.7 %
17,096 26.5 % 18,127 25.7 % +6.03%
Nedbank Africa Regions
7.7 %
4,086 6.3 % 5,463 7.7 % +33.70%
Nedbank Wealth
6.6 %
4,928 7.6 % 4,673 6.6 % -5.17%
Centre
2.3 %
1,295 2.0 % 1,640 2.3 % +26.64%

Sales per region

ZAR in Million2022Weight2023Weight Delta
South Africa
88.5 %
58,094 90.1 % 62,475 88.5 % +7.54%
African Regions
7.7 %
4,086 6.3 % 5,463 7.7 % +33.70%
Rest of the World
3.8 %
2,277 3.5 % 2,684 3.8 % +17.87%

Managers

Managers TitleAgeSince
Mike Brown CEO
 Chief Executive Officer 57 04-06-16
Michael Davis DFI
 Director of Finance/CFO 52 20-08-24
Daleen du Toit CMP
 Compliance Officer - -
Mfundo Nkuhlu COO
 Chief Operating Officer 58 03-12-31
Ray Naicker CTO
 Chief Tech/Sci/R&D Officer 47 -
Alfred Visagie IRC
 Investor Relations Contact 51 00-07-31
Howard Rauff PRN
 Corporate Officer/Principal - 01-08-31
Richard Edwards PRN
 Corporate Officer/Principal - 16-04-17
Karen Owen PRN
 Corporate Officer/Principal - 19-08-31
Jackie Katzin SEC
 Corporate Secretary 49 18-12-31

Members of the board

Members of the board TitleAgeSince
Phumzile Langeni BRD
 Director/Board Member 49 22-03-21
Hubert Brody BRD
 Director/Board Member 60 17-06-30
Mike Brown CEO
 Chief Executive Officer 57 04-06-16
Brian Dames BRD
 Director/Board Member 58 14-06-29
Neo Dongwana BRD
 Director/Board Member 51 17-05-31
Mfundo Nkuhlu COO
 Chief Operating Officer 58 03-12-31
Stanley Subramoney BRD
 Director/Board Member 66 15-09-22
Linda Manzini Makalima BRD
 Director/Board Member 55 17-05-31
Aaron Mminele CHM
 Chairman 58 23-04-30
Michael Davis DFI
 Director of Finance/CFO 52 20-08-24

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 488,105,724 377,012,516 ( 77.24 %) 23,539,726 ( 4.823 %) 77.21 %
Stock B 0 200,000 0 0

Shareholders

NameEquities%Valuation
Allan Gray (Pty) Ltd.
10.17 %
49,620,827 10.17 % 599 M R
Old Mutual Life Assurance Co. (South Africa) Ltd.
5.156 %
25,165,839 5.156 % 304 M R
Coronation Asset Management (Pty) Ltd.
4.960 %
24,210,043 4.960 % 292 M R
MFS International (UK) Ltd.
1.027 %
5,013,261 1.027 % 61 M R
Satrix Managers (RF) Pty Ltd.
0.7704 %
3,760,404 0.7704 % 45 M R
PortfolioMetrix Pty Ltd.
0.6798 %
3,318,203 0.6798 % 40 M R
Merchant West Investments (Pty) Ltd.
0.5927 %
2,893,076 0.5927 % 35 M R
Sanlam Investment Management (Pty) Ltd.
0.5816 %
2,838,660 0.5816 % 34 M R
36ONE Asset Management Pty Ltd.
0.4576 %
2,233,722 0.4576 % 27 M R
Truffle Asset Management (Pty) Ltd.
0.4467 %
2,180,582 0.4467 % 26 M R
NameEquities%Valuation
Helaba Invest Kapitalanlagegesellschaft mbH
0.001954 %
9,540 0.001954 % 115 205 R
Lazard Asset Management (Deutschland) GmbH
0.001303 %
6,360 0.001303 % 76 803 R
Autus Fund Managers (Pty) Ltd.
0.001024 %
5,000 0.001024 % 60 380 R
Altair Advisers LLC
0.000546 %
2,666 0.000546 % 32 195 R
PNC Investments LLC
0.000250 %
1,222 0.000250 % 14 757 R
RhumbLine Advisers LP
0.000013 %
65 0.000013 % 785 R

Holdings

NameEquities%Valuation
ECOBANK TRANSNATIONAL INCORPORATED
28.61%
 5,249,014,550 28.61% 98,524,003 $
OCTODEC INVESTMENTS LIMITED
4.97%
 13,221,821 4.97% 6,842,689 $
INVICTA HOLDINGS LIMITED
7.89%
 540,763 7.89% 2,926,809 $
BALWIN PROPERTIES LIMITED
5.49%
 28,500,000 5.49% 2,829,480 $
ACCELERATE PROPERTY FUND LIMITED
5.54%
 74,234,882 5.54% 1,881,854 $
AFROCENTRIC INVESTMENT CORPORATION LIMITED
0.04%
 361,268 0.04% 55,328 $

Company contact information

Nedbank Group Ltd.

135 Rivonia Campus 135 Rivonia Road

2196, Sandton

+27 11 294 4444

http://www.nedbank.co.za
address Nedbank Group Limited(NED)

Group companies

NameCategory and Sector
Nedgroup Investments Money Market Fund
Investment Trusts/Mutual Funds
Nedgroup Investments Prime Money Market Fund
Investment Trusts/Mutual Funds
NEDBANK LIMITED
Major Banks
Nedgroup Securities (Pty) Ltd.
Logo Nedgroup Securities (Pty) Ltd.

Nedgroup Securities (Pty) Ltd.

Investment Banks/BrokersFinance

Nedgroup Securities (Pty) Ltd. is the brokerage subsidiary of Nedbank Group Ltd. (JSE: NED) in South Africa. Headquartered in Sandton, Nedbank provides brokerage services for retail and institutional investors.

Investment Banks/Brokers
Nedbank Private Wealth
Logo Nedbank Private Wealth

Nedbank Private Wealth

Regional BanksFinance

Nedbank Private Wealth provides banking services. The private company is located in UK.

Regional Banks
Nedgroup Investment Advisors (Pty) Ltd.
Logo Nedgroup Investment Advisors (Pty) Ltd.

Nedgroup Investment Advisors (Pty) Ltd.

Investment ManagersFinance

Nedgroup Investment Advisors (Pty) Ltd. (Nedgroup Investments) is the investment management subsidiary of Nedbank Group Ltd. (JSE: NED) in South Africa. Headquartered in Cape Town, Nedgroup Investments offers a wide range of investment solutions for retail and institutional investors.

Investment Managers
Nedgroup Investments Corporate Money Market Fund
Investment Trusts/Mutual Funds

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Sales per region

Ratings for Nedbank Group Limited

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
215.6 ZAR
Average target price
263.9 ZAR
Spread / Average Target
+22.36%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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