Tag: financial performance

The bank is taking a cautious approach due to pandemic uncertainty but says payouts may resume as early as June. Nedbank won't be paying a final dividend for 2020 after rising credit impairments, fewer transactions and falling interest rates resulted in a big decline in full-year earnings. But it is confident that payouts will resume this year.

As the year quickly draws to a close, we have been inundated with queries regarding their expected annual bonuses in December. Many of the enquiries stem from employees who don’t know if their bonus constitutes a thirteenth cheque or a performance bonus.

Up until a few years ago, digital transformation was not high on the agenda for most finance chiefs. Though they recognised that IT was important, most CFOs thought of digital as a technology play, a channel strategy or a customer experience concern.

The banking group is hopeful that impairments will decline, and client activity will continue to improve as the year progresses. Nedbank believes the worst may be behind it after suffering a large decline in first-half earnings due to what is has billed as the Great Lockdown Crisis (GLC).

Entrepreneurs have often played an important role in driving social change over the years. It therefore comes as no surprise that a new wave of 'ecopreneurs' – business owners whose businesses are not only driven by profit, but also by a concern for the environment – are leading the way for sustainable business practices.