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Nedbank sets odd-lot price

Shareholders affected by the odd-lot offer will receive R276.48c per share, to be paid out in the next few weeks. Nedbank has set the price at which it will buy back shares from the hundreds of thousands of Old Mutual shareholders who received equity in the bank as part of the break up of Old Mutual Plc.

The malign folly of ‘Stakeholder’ theory 

The only social responsibility of business is to use its resources and occupy its energies in the generation of wealth, so long as it stays within the rules of the game, which are to engage in open and free competition, without deception or fraud.

ANNOUNCEMENT | Nedbank Group Limited

Nedbank Group confirmed the decision by Old Mutual Limited to implement the unbundling of a significant portion of its shareholding in Nedbank Group to OML shareholders today, Monday, 15 October, 2018 and Nedbank Group's intention to implement an odd-lot offer following the Unbundling.

Balancing shareholder and customer needs

Business leaders often struggle to find a balance between protecting commercial interests and adhering to the principles of good business ethics.Following the recent spate...

Commercial Crimes Impact Your Business!

Commercial crime has increased in the last few years.What makes commercial crime difficult to detect, and eventually prosecute, unlike your traditional crimes, is...

2017 BUDGET REVIEW

Personal Income Tax As many pundits predicted, the Minister of Finance today announced a new 45% tax bracket for individuals which will apply to taxable...

WHAT CONSTITUTES A BBBEE TRANSACTION?

The Department of Trade and Industry recently published, for public comment, a notice containing draft thresholds for major BBBEE transactions."The draft thresholds are problematic in...

TAX IMPACT SA MULTINATIONALS

Proposed tax amendments to SA’s controlled foreign company (CFC) rules will adversely impact South African multinationals with foreign subsidiaries that have assessed tax losses,...
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