Shareholders will receive a cash windfall, even as CEO Mike Brown warns of increasing business paralysis over state failures.
The government’s failure to address rolling power outages, which are crippling business activity and placing a ceiling on job creation, as well as other impediments to economic growth, was highlighted by Nedbank CEO Mike Brown when the lender released its full-year results on Tuesday.
Such is Nedbank’s concern with the state of government that it reserved a chunky section of the media release which accompanied its financial results to the issue of the government’s lacklustre performance...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 TimesLive Premium.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nedbank reports record results, but warns about 2023CEO of Nedbank - Mike Brown talks about the main drivers behind the bank’s performance. Moneyweb NedbankPerfomance
Read more »
Urgent and decisive leadership needed to deal with national crises, Nedbank CEO saysMike Brown calls municipal service delivery ‘poor’ and corruption ‘unacceptably high’
Read more »
Urgent and decisive leadership needed to deal with national crises, Nedbank CEO saysMike Brown calls municipal service delivery ‘poor’ and corruption ‘unacceptably high’
Read more »
Top banking CEO on South Africa: ‘This can’t continue’Nedbank CEO Mike Brown says South Africa’s economy can no longer suffer indecision and inaction from the government.
Read more »
BUSINESS MAVERICK: Ayo warns shareholders that PIC case could materially affect share priceMore than five years later, the Public Investment Corporation is still trying to recover a R4.3-billion investment in Ayo Technology, alleging due process was not followed and Ayo apparently misrepresented key information. The case began in the Western Cape High Court on Tuesday.
Read more »
Tesla and GM follow shareholders in eyeing lithium minersCarmakers stalk mining conferences in an effort to secure supply as EV demand grows
Read more »