... SADC BUSINESS REMAINS IN GOOD SHAPE

MBABANE – The Nedbank Group’s overall clients’ number in the Southern African Development Community (SADC) region grew 9 per cent, of which 40 per cent are main-banked clients.

The Group Managing Executive, Dr Terence Sibiya, highlighted that If H1 2023 once-offs and foreign currency base effect were excluded, earnings for the NAR business would have been up by 10 per cent. He also highlighted that this month they were celebrating the first anniversary of the launch of the Avo SuperShop in Namibia. He said pleasingly, they were continuing to grow their registered users, with now over 3 000 products from 19 merchants on offer.

Dr Sibiya said in Lesotho, they collaborated with Nedbank Commercial Banking to launch Zaca, which is a new remittance solution between South Africa and Lesotho.He further highlighted that they were number 1 position in client experience NPS Net Promoters Score in Mozambique and Eswatini (for quarter two), and we achieved number 1 position in brand sentiment in every market they operate.

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“We also won several awards thus far, including Most Innovative Bank Mozambique by Region 2024 for Africa, at the Global Finance Awards: Best Digital Bank Mozambique 2024, by Global Banking and Finance Review and Best Mobile Banking Application Lesotho 2024, by Global Brands Magazine,” said Dr Sibiya.

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