Monthly Insights: July 2018

By | 2018-07-10T19:47:05+00:00 July 10th, 2018|Finance, Markets and Research, Watch This|

  Executive Summary ·        SA GDP came out even worse than the worst estimate in the analyst poll in 1Q18. GDP contracted by 2.2% q/q SAAR, from 3.1% growth in the previous quarter, worse than consensus of -0.5%. This was the worst quarterly print since 1Q09. All industries, sectors and expenditure items deteriorated other than government and [...]

Daily Market Commentary: 3 July 2018

By | 2018-07-03T08:18:42+00:00 July 3rd, 2018|Finance, Markets and Research|

Today we are taking a look at: Risk-off persists as trade war concerns loom, SAGB yields rise marginally intraday The rand remains vulnerable Gold price continues to fall; Oil price eases from its recent high amid reports by Bloomberg that Saudi exports have risen, Libyan oil output remains under pressure Global markets retreat on intensified [...]

Signing of IPP agreements will add momentum to overall economic growth in SA

By | 2018-09-04T06:46:24+00:00 June 19th, 2018|Finance, General, Renewable Energy|

In his 2018 REIPPPP Bid Windows 3.5 and 4 Contractual speech, Minister of Energy, Jeff Radebe announced  that 58 000 fulltime jobs will be created through the procurement of 27 renewable energy projects, which are set to generate significant value for South Africa’s economy. Nedbank CIB is proud to be the lead finance provider for [...]

Monthly Insights: June 2018

By | 2018-06-12T07:34:38+00:00 June 12th, 2018|Finance, Markets and Research, Watch This|

  Executive Summary ·        Since our last publication, more high-frequency economic data for South Africa became available for 1Q18, in which most real economy indicators showed marked deterioration. Mining and manufacturing production contracted over the quarter and would likely contribute negatively towards 1Q18 GDP growth. Retail sales contracted by 1.3% over the quarter in [...]

Potential for solid M&A activity uptick on evidence of clear direction by SA government

By | 2018-06-15T10:59:00+00:00 May 29th, 2018|Advisory, Finance, General, Renewable Energy, Uncategorized|

By Tapiwa Shamu; Principal – Corporate Finance: Nedbank CIB. M&A activity in sub-Saharan Africa reached multi-year lows in 2017, declining by close to 50% over the course of the year as political uncertainty reached a peak in SA, through which a large proportion of the entire region’s inbound M&A deal activity flows. While the slowdown [...]

Nedbank CIB Awarded City of Cape Town Banking Contract

By | 2018-05-28T13:14:16+00:00 May 2nd, 2018|Client Coverage, Finance, Public Sector|

Nedbank CIB scores a full house in winning tenders in the Western Cape                      Nedbank CIB has been awarded the tender to manage the banking requirements of the City of Cape Town for a period of five years, commencing 1 April 2018. This comes after the bank responded to a Request for Proposal (RFP) published [...]