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A former Executive Head of HR at Nedbank, who was dismissed after making racially discriminatory remarks by stating ‘black people are lazier and more incompetent than white people,’ had her review application dismissed by the Labour Court in Johannesburg. Anele Makhosazana Mpungose was the Executive Head of Human Resources in Nedbank after she was employed at the bank on May 1 2015.
One of Information minister Monica Mutsvangwa’s sons is embroiled in a dispute with Nedbank over “fraudulent” transactions where he allegedly lost over $61 700.
Financial services provider, Nedbank, outperformed inflation to overturn its 2019 loss position, posting a profit of $159 million last year.
NEDBANK Group (Nedbank) says it will pay R2 billion (approximately US$139,6 million) to minority shareholders inherited from Old Mutual.
By Fungai Lupande A Harare man who imported a BMW vehicle into the country on behalf of his United Kingdom-based cousin testified in the case of a former district intelligence officer, Mbereki Mbizo Nyathi, who is accused of concealing the location and ownership of the vehicle. Nyathi is jointly charged with Ismail Abdurrahman, Hillary Nduna, […]
Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the finance minister said on Wednesday, signalling a pause in President Robert Mugabe’s black economic empowerment drive.
Zimbabwe has increased minimum capital requirements for banks to as much as $100 million, a move which could hold back a drive to force foreign banks to sell majority shares to locals while forcing small, locally owned ones to merge.