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Wed 2 Sep 2026
Close: 29 600c 
Day's move: 95c (0.32%)
Volume: 1 416 656
Trades: 7 230
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Nedbank - board and committee changes
Nedbank announced changes to its board of directors and committees, effective 1 October 2026, as part of its succession planning. Neo Dongwana and Linda Makalima will be classified as non-independent non-executive directors due to their tenure exceeding nine years. Several committee chair and member appointments were made, including Mary Bomela as chair of the Group Audit Committee and May Hermanus as chair of the Group Transformation, Social and Ethics Committee. The company also disclosed planned retirements of Neo Dongwana, Stanley Subramoney, and Linda Makalima at the 21 May 2027 AGM, with corresponding committee adjustments.
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Nedbank - approval to acquire 66% of NCBA
Nedbank received approval from the Central Bank of Kenya for its offer to acquire approximately 66% of NCBA Group PLC. This regulatory milestone supports the ongoing transaction, with most other approvals already obtained. The remaining approvals are expected by the end of the third quarter of 2026. Settlement to NCBA shareholders will occur within 14 trading days after all conditions are fulfilled or waived, following the announcement that the conditions have been met. The transaction remains subject to certain conditions outlined in the offer document.
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Nedbank - risk and capital management report
Nedbank Group and Nedbank Ltd. have released their Pillar 3 Risk and Capital Management Report for the 6 months ended 30 June 2026. This report is available on the group's website: group.nedbank.co.za/explore-investor-relations/results-and-reports.html
At 30 June 2026, Nedbank Group reported a CET1 capital adequacy ratio, including unappropriated profits of 12.6% (December 2025: 12.9%, June 2025: 13.1%), which was above the board-approved target range of 11.0% to 12.5%, a Liquidity Coverage Ratio of 126.5% (December 2025: 131.5%, June 2025: 126.8%) and a Net Stable Funding Ratio of 119.0% (December 2025: 116.3%, June 2025: 118.0%).
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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