Latest news with #NedbankGroupLtd.
Bloomberg
14-04-2025
- Business
- Bloomberg
South African Manufacturers Change Tack as US Tariff War Rages
The rising uncertainty triggered by US President Donald Trump's tariffs is forcing South African manufacturers to rethink their reliance on the world's biggest consumer market. Local companies are now looking for alternative markets on the continent and abroad after being left like 'deer in the headlights' because of the tariffs, Amith Singh, national manager for manufacturing at Nedbank Group Ltd., said in an interview in Johannesburg on Friday.
Bloomberg
04-03-2025
- Business
- Bloomberg
Nedbank, Norfund Acquire Stake in South Africa's Pele Energy
South Africa's Nedbank Group Ltd. and Norwegian investment firm Norfund AS are acquiring a 'substantial minority' stake in a renewable energy company co-founded by a former JPMorgan Chase & Co. banker. The firms will invest $31 million in Pele Energy Group, said Chief Financial Officer Matt Wainwright. The investment is the second leg to a larger transaction where the company raised $135 million in a structured loan from Nedbank, Norfund and South Africa's Industrial Development Corp., said Wainwright, without disclosing the exact size of the stake.
