Nedbank Corporate and Investment Banking (CIB) is pleased to announce the successful first property and sustainable finance transaction in Côte d’Ivoire, marking a milestone in its expansion into the West African market. This landmark deal involves an €18.5 million sustainability-linked term loan and revolving credit facility in collaboration with HC Capital Properties, sponsor of Cosmos Yopougon shopping mall. This deal consolidates Cosmos Yopougon’s position as the leading sustainable retail destination in the region and underscores both companies’ commitment to environmental sustainability and responsible finance. Cosmos Yopougon, a flagship development of HC Capital Properties, has consistently demonstrated its leadership in green
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In the evolving landscape of technology, businesses are continuously innovating to stay competitive. Nedbank Group Chief Information Officer, Ray Naicker, shared his insights on how businesses, particularly small and micro-enterprises, can leverage artificial intelligence (AI) and machine learning to transform and thrive. Naicker says that technology is advancing faster than ever. He mentions that businesses are now interested in how AI can change the way they operate and interact with customers. The transformative potential of AI extends beyond business operations to enhancing customer experiences. He adds that it is crucial for small businesses to keep up with the changing world
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Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division) (“Nedbank CIB”) has successfully co-ordinated and structured an innovative and market-leading financing solution for Harmony Gold Mining Company Limited (“Harmony”) to enable Harmony to refinance and upsize its key corporate debt facilities. Harmony, a listed mining company on the JSE, formally appointed Nedbank CIB to act as a Global Coordinator and Bookrunner, as well as a Global Sustainability Coordinator, to structure and arrange the substantial dual currency, multi-tranche debt package. “This landmark circa R10 billion funding package will provide Harmony with sufficient financial flexibility to support its existing operations,
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Nedbank has made an equity investment into industry-leading technology led emergency response platform, RapidDeploy. The bank is the first South African firm to invest in RapidDeploy, which was established in South Africa after its founders Steven Raucher and Brett Meyerowitz experienced the antiquated, legacy technology that was available within the country’s public safety sector. Raucher experienced a personal tragedy when his brother drowned at sea and, to honor him, he volunteered for the National Sea Rescue Institute (NSRI) of South Africa. This is where he came to realise that the emergency tools available could not achieve what was needed to
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Nedbank’s Corporate and Investment Banking (CIB) division is posing a critical question to South Africa’s business community through an innovative, moving billboard located on the corner of Sandton Drive and William Nicol in Sandton, Johannesburg. “Do you want a bank that talks sustainable growth? Or a bank that walks sustainable growth?” The advertisement forms part of a new brand campaign launched in November 2021, focused on calling on stakeholders to partner with the bank in pursuit of sustainable outcomes. “A hybrid solar energy system has been utilised to light up the billboard at night and drive its “wind turbines” around
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