Nedbank is willing to spend billions to beat rivals
Mike Brown says Nedbank is spending about R2bn a year on developing new products and technologies for its customers which will make it incredibly difficult for the new entrants to keep up
13 June 2019 - 05:46
Nedbank CEO Mike Brown has warned new entrants in the sector, saying the bank is prepared to spend billions to ensure it stays ahead of rivals.
Speaking on the sidelines of the Nedgroup treasury conference on Wednesday, Brown said the bank was spending R2bn a year on improving its products and technology platforms to its retail customers...
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