We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Nedbank, SA’s fifth-largest bank by market value, is targeting renewable energy projects as a major growth driver as it seeks to capitalise on the global transition to a more environmentally sustainable economic system.

The lender, which has been almost entirely unbundled from Old Mutual apart from a 7.2% stake, has positioned itself as SA’s leading green financier thanks to the R30bn worth of projects it has already financed as part of SA’s highly successful Renewable Energy Independent Power Producer Procurement Programme (REIPPP). Nedbank’s board has increased its appetite for renewable projects by a further R20bn, taking its total commitment to the green energy sector to R50bn...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now