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.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Stephen Kennedy-Good, Director and Corporate Lawyer at Norton Rose Fulbright.
It's monstrous! The Money Show’s Bruce Whitfield interviews the Automobile Association of South Africa's Layton Beard.
The Money Show’s Bruce Whitfield interviews Lee-Anne Bac, Director at Grant Thornton.
The Money Show’s Bruce Whitfield interviews Fanie Haarhoff, Harley Davidson South Africa Dealer Principal.
In the bonus episode of Solutionist Thinking with RMB, Bruce Whitfield speaks the founders of FirstRand, GT Ferreira, Laurie Dippenaar and Paul Harris.
The bank added 400 000 retail clients in the five months to June 2017, thereby surpassing Absa in customer numbers.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.
Don't have a dash cam? A legal advisor at insurance broker RBS explains why you might want to reconsider.
The man allegedly attacked the six-year-old inside a toilet cubicle at a Dros franchise in Pretoria on Saturday.
The Western Cape government and SA Tourism have welcomed the amendments to South Africa's visa regulations.
A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.