18 March 2021 1 Min Read

News Leader

WATCH: Why Nedbank held on to its dividend

Nedbank CEO Mike Brown talks to Business Day TV about the bank’s full-year results

in Companies / Financial Services by Business Day TV
Nedbank CEO Mike Brown. Picture: MARTIN RHODES
Loading ...

Nedbank has suspended its final dividend, after an almost 57% slump in full-year headline earnings.

The lender has cited higher impairments and lower revenues, largely due to a decline in client activity levels and the effect of lower interest rates.

Business Day TV’s Alishia Seckam spoke to Nedbank CEO Mike Brown for more detail.

Loading ...
Or listen to the full audio:
Subscribe for free episodes: iono.fm | Apple Podcasts | Spotify | Pocket Casts | Player.fm
Companies 3 years ago

Nedbank joins Absa in holding on to final dividend, but is upbeat about its prospects

The bank has cited the threat of a resurgence in Covid-19 and the need to support clients as reasons to not pay dividends
Markets 3 years ago

JSE likely to open lower in line with global markets

The Fed is expected to leave interest rates unchanged at historical lows, but its comments on inflation will be closely monitored
Economy 3 years ago

WATCH: How SA economy suffered worst slump since 1946

Nedbank chief economist Nicky Weimar talks to Business Day TV about the GDP data
Economy 3 years ago

Reserve Bank mulls feasibility of setting up first domestic card scheme

That could benefit underserved communities in SA by enabling and encouraging access to a cheaper, safer and convenient payment method
Loading ...
Loading ...
View Comments