Nedbank R5bn capital optimisation initiative | Nedbank CIB
Nedbank CIB profiling of a large deal for corporate finance and ECM. Find out more.
Published 06 Nov 2023 in nedbank:cib/deals/finance

R2,1 billion Green Private Power Tier 2 Bond | Nedbank CIB
Nedbank launches R2,1 billion Green Private Power Tier 2 Bond − fuelling private sector renewable energy growth in South Africa
Published 31 Oct 2023 in nedbank:cib/deals/sustainability

Nampak R1 billion Rights Offer | Nedbank CIB
Nedbank CIB recently advised on Nampak's R1 billion Rights Offer.
Published 20 Oct 2023 in nedbank:cib/deals/sustainability

Battery energy storage systems
Battery energy storage systems (BESSs) on a standalone basis or those paired with renewable power sources play a significant role in mitigating load-shedding issues as it provides backup power when there are electricity shortages.
Published 10 Oct 2023 in nedbank:cib/articles/energy

Battery energy storage systems
Battery energy storage systems (BESSs) on a standalone basis or those paired with renewable power sources play a significant role in mitigating load-shedding issues as it provides backup power when there are electricity shortages.
Published 10 Oct 2023 in nedbank:cib/articles/energy
$19,4 million finance for Cold Solutions Kiambu
Nedbank CIB finds way to develop a 35,000m³ world-class cold storage facility in Nairobi.
Published 09 Oct 2023 in nedbank:cib/deals/finance

Real yields put real pressure on expected returns
Nominal bonds remain our preferred asset class in South Africa (SA). That said, where we ranked the expected return of cash already ahead of most asset classes for the last quarter, cash’s expected return is now also closing gap with bonds. This comes as higher domestic real yields weigh not only on growth, but also on asset valuations. In short, higher real yields imply higher real risk, which results in investors wanting to pay less than before for the same earnings. Our analysis suggests that nominal bonds, on a 12-month horizon, remain likely to generate low double-digit returns, followed by cash, inflation-linked bonds (ILBs), listed property and equities.
Published 03 Oct 2023 in nedbank:cib/research/investor-research

Real yields put real pressure on expected returns
Nominal bonds remain our preferred asset class in South Africa (SA). That said, where we ranked the expected return of cash already ahead of most asset classes for the last quarter, cash’s expected return is now also closing gap with bonds. This comes as higher domestic real yields weigh not only on growth, but also on asset valuations. In short, higher real yields imply higher real risk, which results in investors wanting to pay less than before for the same earnings. Our analysis suggests that nominal bonds, on a 12-month horizon, remain likely to generate low double-digit returns, followed by cash, inflation-linked bonds (ILBs), listed property and equities.
Published 03 Oct 2023 in nedbank:cib/research/investor-research
The ILB curve steepens, and we expect more
The inflation-linked bond (ILB) curve has seen some bear steepening over the past month, with the back end of the curve moving above 5,0% last week. We maintain our view that long-dated ILB yields are still too low, and as a result, we expect further upward pressure and steepness.
Published 15 Sep 2023 in nedbank:cib/research/investor-research

The ILB curve steepens, and we expect more
The inflation-linked bond (ILB) curve has seen some bear steepening over the past month, with the back end of the curve moving above 5,0% last week. We maintain our view that long-dated ILB yields are still too low, and as a result, we expect further upward pressure and steepness.
Published 15 Sep 2023 in nedbank:cib/research/investor-research
Breaking down barriers for energy transition in mining
The African mining sector, one of the most energy-intensive sectors in the world and arguably the largest contributor to global warming, has the responsibility as well as the opportunity to incorporate renewable energy into its energy mix. However, several barriers have to be addressed to make this transition a reality. Until recently, incorporating renewable-energy sources into a mining operation was not a viable option: the cost of building a solar-powered plant was exorbitant and the reliability of supply was a significant concern.
Published 08 Sep 2023 in nedbank:cib/articles/energy

Breaking down barriers for energy transition in mining
The African mining sector, one of the most energy-intensive sectors in the world and arguably the largest contributor to global warming, has the responsibility as well as the opportunity to incorporate renewable energy into its energy mix. However, several barriers have to be addressed to make this transition a reality. Until recently, incorporating renewable-energy sources into a mining operation was not a viable option: the cost of building a solar-powered plant was exorbitant and the reliability of supply was a significant concern.
Published 08 Sep 2023 in nedbank:cib/articles/energy
What happens when finance meets sustainability?
Find out at the 25th edition of the Africa Energy Forum (AEF), which will be held in Nairobi, Kenya, from 20 to 23 June 2023. During the event Nedbank CIB will collaborate with other energy sector experts, regulators, utilities, developers, and institutions to identify crucial opportunities that will drive the industry forward.
Published 05 Sep 2023 in nedbank:cib/articles/sustainability

What happens when finance meets sustainability?
Find out at the 25th edition of the Africa Energy Forum (AEF), which will be held in Nairobi, Kenya, from 20 to 23 June 2023. During the event Nedbank CIB will collaborate with other energy sector experts, regulators, utilities, developers, and institutions to identify crucial opportunities that will drive the industry forward.
Published 05 Sep 2023 in nedbank:cib/articles/sustainability
Accelerating and scaling Africa’s renewable-energy projects
In Africa more than 600 million people lack access to electricity. At the current pace of electrification millions of Africans are still expected to be without electricity in 2030 unless the pace of electrification is trebled, by connecting more than 90 million people a year. Beyond electrification, African countries should also focus on reducing gaps in access to electricity between urban and rural areas through expanding the electrical grid.
Published 05 Sep 2023 in nedbank:cib/articles/energy

Accelerating and scaling Africa’s renewable-energy projects
In Africa more than 600 million people lack access to electricity. At the current pace of electrification millions of Africans are still expected to be without electricity in 2030 unless the pace of electrification is trebled, by connecting more than 90 million people a year. Beyond electrification, African countries should also focus on reducing gaps in access to electricity between urban and rural areas through expanding the electrical grid.
Published 05 Sep 2023 in nedbank:cib/articles/energy
Low but positive GDP growth expected in 2Q
This week will see the release of South Africa’s (SA’s) 2Q GDP data, which could signal a fairly resilient economy, despite the country’s ongoing load shedding (albeit at lower stages in 2Q) and multiple global headwinds present. We project growth of 0,3% q/q in 2Q23 from 0,4% in 1Q23. We project low levels of growth of c.0,2% for the whole year and 1,3% over the next two years. Risks to these estimates are marginally to the upside, especially if SA’s energy woes ease and global demand ticks up.
Published 04 Sep 2023 in nedbank:cib/research/investor-research

Low but positive GDP growth expected in 2Q
This week will see the release of South Africa’s (SA’s) 2Q GDP data, which could signal a fairly resilient economy, despite the country’s ongoing load shedding (albeit at lower stages in 2Q) and multiple global headwinds present. We project growth of 0,3% q/q in 2Q23 from 0,4% in 1Q23. We project low levels of growth of c.0,2% for the whole year and 1,3% over the next two years. Risks to these estimates are marginally to the upside, especially if SA’s energy woes ease and global demand ticks up.
Published 04 Sep 2023 in nedbank:cib/research/investor-research
Spread between lower inflation and a fiscal bind
We estimate what to expect from spreads on the nominal curve if we are set for more dovish inflation surprises while the fiscal policy bind remains. This result is consistent with our research, which suggests that the back end of the curve remains largely irresponsive to any dovish monetary policy surprise. Fiscally induced inertia in ultra-long bonds is likely to keep the curve steep and, for the time being, we would continue to hold a bias for such an outcome should there be some bull curve flattening.
Published 30 Aug 2023 in nedbank:cib/research/investor-research

Spread between lower inflation and a fiscal bind
We estimate what to expect from spreads on the nominal curve if we are set for more dovish inflation surprises while the fiscal policy bind remains. This result is consistent with our research, which suggests that the back end of the curve remains largely irresponsive to any dovish monetary policy surprise. Fiscally induced inertia in ultra-long bonds is likely to keep the curve steep and, for the time being, we would continue to hold a bias for such an outcome should there be some bull curve flattening.
Published 30 Aug 2023 in nedbank:cib/research/investor-research
NCIB plays key role in SA Corporate’s acquisition and subsequent delisting of Indluplace
Nedbank Corporate and Investment Banking (CIB), recently played a pivotal role in the successful acquisition and subsequent delisting by SA Corporate Real Estate Limited (“SA Corporate”) of Indluplace Properties Limited (“Indluplace”). Acting through our Corporate Finance team, CIB served as the exclusive corporate advisor and transaction sponsor in the transaction, which involved the integration of Indluplace Properties Limited ("Indluplace") into SA Corporate's portfolio.
Published 29 Aug 2023 in nedbank:cib/deals/property

NCIB plays key role in SA Corporate’s acquisition and subsequent delisting of Indluplace
Nedbank Corporate and Investment Banking (CIB), recently played a pivotal role in the successful acquisition and subsequent delisting by SA Corporate Real Estate Limited (“SA Corporate”) of Indluplace Properties Limited (“Indluplace”). Acting through our Corporate Finance team, CIB served as the exclusive corporate advisor and transaction sponsor in the transaction, which involved the integration of Indluplace Properties Limited ("Indluplace") into SA Corporate's portfolio.
Published 29 Aug 2023 in nedbank:cib/deals/property
The "weak China trade" is in the rand; we watch the USD
With the USDZAR at 19,00, the “weak China trade” is priced into the rand, in our view. The rand, being a commodity and emerging market (EM) currency, tracks South Africa’s commodity terms of trade closely. Focusing on the post-pandemic period, the relationship of the terms of trade with the rand suggests the currency should trade stronger rather than the 19,00 level. Where weak commodity prices have led to a weak rand, we believe the larger risk right now lies in a stronger USD in the short term.
Published 21 Aug 2023 in nedbank:cib/research/investor-research

The "weak China trade" is in the rand; we watch the USD
With the USDZAR at 19,00, the “weak China trade” is priced into the rand, in our view. The rand, being a commodity and emerging market (EM) currency, tracks South Africa’s commodity terms of trade closely. Focusing on the post-pandemic period, the relationship of the terms of trade with the rand suggests the currency should trade stronger rather than the 19,00 level. Where weak commodity prices have led to a weak rand, we believe the larger risk right now lies in a stronger USD in the short term.
Published 21 Aug 2023 in nedbank:cib/research/investor-research
Much of the upside for bonds has compressed as cash looks competitive
Where nominal bonds appeared attractive across the curve for the past two months, much of the upside has compressed for now, in our view. At this point, we believe cash appears attractive relative to the front and back ends of the nominal curve. Our analysis suggests only the 7-year to 15-year bucket appears attractive and provides better expected return than cash. The same goes for inflation-linked bonds (ILBs), although we believe the curve may bear steepen somewhat and shorter maturities may provide better value in an environment where an adverse inflation impulse remains likely.
Published 21 Aug 2023 in nedbank:cib/research/investor-research

Much of the upside for bonds has compressed as cash looks competitive
Where nominal bonds appeared attractive across the curve for the past two months, much of the upside has compressed for now, in our view. At this point, we believe cash appears attractive relative to the front and back ends of the nominal curve. Our analysis suggests only the 7-year to 15-year bucket appears attractive and provides better expected return than cash. The same goes for inflation-linked bonds (ILBs), although we believe the curve may bear steepen somewhat and shorter maturities may provide better value in an environment where an adverse inflation impulse remains likely.
Published 21 Aug 2023 in nedbank:cib/research/investor-research
Bonds, the monetary surprise and fiscal dominance
There is an unwritten rule that says one should favour bonds (or duration more broadly) whenever there is a dovish monetary policy surprise. Some call it “the Golden Rule”. In the case of South Africa (SA), this rule has been highly predictive over the past 20 years. However, fiscal dominance of ultra-long bonds has been diluting this rule, suggesting a structural bias for shorter-duration bonds in a scenario where monetary policy is a key input for one’s bond view.
Published 25 Jul 2023 in nedbank:cib/research/investor-research

Bonds, the monetary surprise and fiscal dominance
There is an unwritten rule that says one should favour bonds (or duration more broadly) whenever there is a dovish monetary policy surprise. Some call it “the Golden Rule”. In the case of South Africa (SA), this rule has been highly predictive over the past 20 years. However, fiscal dominance of ultra-long bonds has been diluting this rule, suggesting a structural bias for shorter-duration bonds in a scenario where monetary policy is a key input for one’s bond view.
Published 25 Jul 2023 in nedbank:cib/research/investor-research
SARB MPC: Repo unchanged but still hawkish
Against our forecast, the SARB MPC kept the repo rate unchanged at 8,25% due to an improvement in the macro environment, downward revisions to the inflation outlook and a stronger rand exchange rate. The tone of the statement was still hawkish, and the governor indicated that interest rates have not peaked, that it is not the end of the hiking cycle and that the trajectory of monetary policy will depend on inflation outcomes. The voting pattern also shifted materially since the last meeting, to three members voting for a hold, while two voted for a 25 bps hike, compared to May, when all members voted for a 50 bps hike. Given the backdrop of sticky inflation and upside risks thereof, we cannot rule out further rate hikes in the near term. However, our base case is that the MPC could maintain the repo rate at the current level before starting an easing cycle in mid-2024, or sooner.
Published 25 Jul 2023 in nedbank:cib/research/investor-research

SARB MPC: Repo unchanged but still hawkish
Against our forecast, the SARB MPC kept the repo rate unchanged at 8,25% due to an improvement in the macro environment, downward revisions to the inflation outlook and a stronger rand exchange rate. The tone of the statement was still hawkish, and the governor indicated that interest rates have not peaked, that it is not the end of the hiking cycle and that the trajectory of monetary policy will depend on inflation outcomes. The voting pattern also shifted materially since the last meeting, to three members voting for a hold, while two voted for a 25 bps hike, compared to May, when all members voted for a 50 bps hike. Given the backdrop of sticky inflation and upside risks thereof, we cannot rule out further rate hikes in the near term. However, our base case is that the MPC could maintain the repo rate at the current level before starting an easing cycle in mid-2024, or sooner.
Published 25 Jul 2023 in nedbank:cib/research/investor-research
SARB: Shifting to a 25 bps hike, from 50 bps in May
We expect SARB to hike the repo rate by 25 basis points (bps) this week. The hike will see a reduction of its rate-hike increment, after the last two consecutive 50 bps hikes. At the same time, we project South Africa’s (SA’s) CPI to ease further in June, to 5,6% yoy from 6,3% in May, driven predominantly by lower transport and food inflation.
Published 25 Jul 2023 in nedbank:cib/research/investor-research

SARB: Shifting to a 25 bps hike, from 50 bps in May
We expect SARB to hike the repo rate by 25 basis points (bps) this week. The hike will see a reduction of its rate-hike increment, after the last two consecutive 50 bps hikes. At the same time, we project South Africa’s (SA’s) CPI to ease further in June, to 5,6% yoy from 6,3% in May, driven predominantly by lower transport and food inflation.
Published 25 Jul 2023 in nedbank:cib/research/investor-research
SA’s ex-ante real policy rate becomes unattractive as expectations rise
Since the start of this year, South Africa’s (SA’s) ex-ante real rate has been roughly in line with the US’s. This is the longest period in which this has been the case. SA’s ex-ante real policy rate has almost always exceeded that of the US, providing an attractive real-rate pick-up for offshore investors to invest in SA. But this year, rising SA inflation expectations, slow increases in the FRA rate and expectations for an end to SARB’s hiking cycle have kept SA’s ex-ante real policy rate unattractive relative to the US’s. In contrast, US inflation expectations have fallen, while the Federal Reserve (Fed) has remained hawkish. This has shown up in a weaker currency [USDZAR -10,4% year to date (ytd)] and higher SA bond yields [(SA 10y yield up 100 basis points (bps) ytd]. Our base case remains for a correction in one or both of these rates in the coming months. SARB will likely hike by 25 bps this month, taking the repo rate to a peak of 8,50% (with upside risks to this estimate should inflation surprise to the upside). The Fed is expected to hike twice more this year, which could push out the first rate cuts by both central banks to around the middle of 2024.
Published 25 Jul 2023 in nedbank:cib/research/investor-research

SA’s ex-ante real policy rate becomes unattractive as expectations rise
Since the start of this year, South Africa’s (SA’s) ex-ante real rate has been roughly in line with the US’s. This is the longest period in which this has been the case. SA’s ex-ante real policy rate has almost always exceeded that of the US, providing an attractive real-rate pick-up for offshore investors to invest in SA. But this year, rising SA inflation expectations, slow increases in the FRA rate and expectations for an end to SARB’s hiking cycle have kept SA’s ex-ante real policy rate unattractive relative to the US’s. In contrast, US inflation expectations have fallen, while the Federal Reserve (Fed) has remained hawkish. This has shown up in a weaker currency [USDZAR -10,4% year to date (ytd)] and higher SA bond yields [(SA 10y yield up 100 basis points (bps) ytd]. Our base case remains for a correction in one or both of these rates in the coming months. SARB will likely hike by 25 bps this month, taking the repo rate to a peak of 8,50% (with upside risks to this estimate should inflation surprise to the upside). The Fed is expected to hike twice more this year, which could push out the first rate cuts by both central banks to around the middle of 2024.
Published 25 Jul 2023 in nedbank:cib/research/investor-research
Staying the course despite the political economy
Despite a volatile second quarter, when developments in the political economy dominated asset price movements, we prefer to stay the course. Our preference for domestic asset classes remains unchanged, with local-currency bonds topping the list of expected returns.
Published 03 Jul 2023 in nedbank:cib/research/investor-research

Staying the course despite the political economy
Despite a volatile second quarter, when developments in the political economy dominated asset price movements, we prefer to stay the course. Our preference for domestic asset classes remains unchanged, with local-currency bonds topping the list of expected returns.
Published 03 Jul 2023 in nedbank:cib/research/investor-research
SA inflation to ease gradually in the coming months
Headline inflation is expected to have eased for the second consecutive month in May, to 6,7% yoy from 6,8% in April. Despite the slow deceleration in CPI, it is still projected to remain at an elevated level of 6,4% in 2023 (annual average) before easing to 4,9% in 2024. Risks to these estimates are to the upside, particularly to the estimate for 2024.
Published 19 Jun 2023 in nedbank:cib/research/investor-research

SA inflation to ease gradually in the coming months
Headline inflation is expected to have eased for the second consecutive month in May, to 6,7% yoy from 6,8% in April. Despite the slow deceleration in CPI, it is still projected to remain at an elevated level of 6,4% in 2023 (annual average) before easing to 4,9% in 2024. Risks to these estimates are to the upside, particularly to the estimate for 2024.
Published 19 Jun 2023 in nedbank:cib/research/investor-research
The rand and bonds are of extreme weakness, but still cheap
The local markets have rallied in the past two weeks. While any strength is unlikely to be linear, we still view the rand and nominal bonds as cheap. Monetary policy will be a key focus, driving especially bond markets in the next two weeks.
Published 12 Jun 2023 in nedbank:cib/research/investor-research

The rand and bonds are of extreme weakness, but still cheap
The local markets have rallied in the past two weeks. While any strength is unlikely to be linear, we still view the rand and nominal bonds as cheap. Monetary policy will be a key focus, driving especially bond markets in the next two weeks.
Published 12 Jun 2023 in nedbank:cib/research/investor-research
SA’s growth (and employment) conundrum
South Africa’s (SA’s) GDP growth for 1Q23 will be released this week, with expectations for fractional growth just enough to stave off a technical recession; we project growth of 0,2% q/q in 1Q23. Full-year growth estimates are at risk of being revised lower, which would adversely affect revenue collection and fiscal ratios.
Published 05 Jun 2023 in nedbank:cib/research/investor-research

SA’s growth (and employment) conundrum
South Africa’s (SA’s) GDP growth for 1Q23 will be released this week, with expectations for fractional growth just enough to stave off a technical recession; we project growth of 0,2% q/q in 1Q23. Full-year growth estimates are at risk of being revised lower, which would adversely affect revenue collection and fiscal ratios.
Published 05 Jun 2023 in nedbank:cib/research/investor-research
R4bn Tronox solar deal leads private energy generation
Enabling SA’s first utility-scale renewable-energy captive power project.
Published 30 May 2023 in nedbank:cib/deals/energy

The wrong time to extrapolate weakness
Our indicators suggest that from a risk/return perspective, this is the wrong time to extrapolate rand weakness. It is easy to maintain a bearish narrative, but the reality is that plenty of bad news is priced in already to the currency. For bonds, we maintain that while ILBs appear fair, nominal bonds, too, are cheap.
Published 29 May 2023 in nedbank:cib/research/investor-research

The wrong time to extrapolate weakness
Our indicators suggest that from a risk/return perspective, this is the wrong time to extrapolate rand weakness. It is easy to maintain a bearish narrative, but the reality is that plenty of bad news is priced in already to the currency. For bonds, we maintain that while ILBs appear fair, nominal bonds, too, are cheap.
Published 29 May 2023 in nedbank:cib/research/investor-research
Inflation expectations a concern
It appears as if inflation expectations have recently become more inelastic than before and may well remain elevated for longer. There is a further risk that expectations remain more inelastic than before as the country experiences weaker trade integration and rising public debt. On the back of a weaker rand, higher country risk and elevated inflation outcomes and inflation expectations, SARB is expected to hike by 50 basis points (bps) this week. The bias remains for further hikes at future meetings.
Published 23 May 2023 in nedbank:cib/research/investor-research

Inflation expectations a concern
It appears as if inflation expectations have recently become more inelastic than before and may well remain elevated for longer. There is a further risk that expectations remain more inelastic than before as the country experiences weaker trade integration and rising public debt. On the back of a weaker rand, higher country risk and elevated inflation outcomes and inflation expectations, SARB is expected to hike by 50 basis points (bps) this week. The bias remains for further hikes at future meetings.
Published 23 May 2023 in nedbank:cib/research/investor-research
R1.09bn Green Bond, anchor invested by the International Finance Corporation
A Green Residential Bond which will help improve access to certified green homes in South Africa.
Published 23 May 2023 in nedbank:cib/deals/property

Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
Published 19 May 2023 in nedbank:cib/deals/finance

Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
Published 19 May 2023 in nedbank:cib/deals/finance
The Budget cost of playing Russian roulette
Uncertainty within South Africa’s political economy has increased further this week as the now widely publicised deterioration of the relationship between South Africa and the US has gathered momentum. While the rand has reached our target of R19,00 against the USD, bond yields have moved well beyond what we expected. At this point, bond yields reflect substantial fiscal risk, in our view.
Published 19 May 2023 in nedbank:cib/research/investor-research

The Budget cost of playing Russian roulette
Uncertainty within South Africa’s political economy has increased further this week as the now widely publicised deterioration of the relationship between South Africa and the US has gathered momentum. While the rand has reached our target of R19,00 against the USD, bond yields have moved well beyond what we expected. At this point, bond yields reflect substantial fiscal risk, in our view.
Published 19 May 2023 in nedbank:cib/research/investor-research
Sovereign credit: S&P unlikely to change SA's ratings
Base case: S&P Global Ratings (S&P) may defer its review, given the recency of its post-budget rating action that affirmed its BB-/B ratings and led to revising its outlook to “Stable” from “Positive”.
Published 18 May 2023 in nedbank:cib/research/investor-research

Sovereign credit: S&P unlikely to change SA's ratings
Base case: S&P Global Ratings (S&P) may defer its review, given the recency of its post-budget rating action that affirmed its BB-/B ratings and led to revising its outlook to “Stable” from “Positive”.
Published 18 May 2023 in nedbank:cib/research/investor-research
SA FIC: A pessimistic reflection of current yields
We analyse what the current nominal curve and ILB curves are reflecting in terms of monetary and fiscal policy.
Published 18 May 2023 in nedbank:cib/research/fixed-income

R10bn loan takes Harmony closer to renewable energy goal
Harmony Gold's solar photovoltaic projects see a boost thanks to green loan.
Published 11 May 2023 in nedbank:cib/deals/energy

R3,1bn sustainability-linked debt facility for Old Mutual
Old Mutual set to reduce carbon emissions and invest in more SMMEs.
Published 11 May 2023 in nedbank:cib/deals/finance

Imperial’s first sustainability-linked revolving credit facility
R1bn sustainability-linked credit facility supports Imperial Logistics’ green goals.
Published 11 May 2023 in nedbank:cib/articles/sustainability

Redefine Properties Limited R1,65bn Green Bond
Property Finance concludes a Green Bond in a R5bn debt-refinancing package.
Published 11 May 2023 in nedbank:cib/deals/green

Bonds, Loans and Sukuk Africa Awards
Most innovative and groundbreaking deals from sovereign, corporate and financial institution issuers and borrowers on the continent
Published 11 May 2023 in nedbank:cib/deals/sustainability

Nedbank adds US$62,45 million to sustainability-linked debt transaction for GRIT
Grit Real Estate Income Group Limited able to offer scalable and sustainable solutions thanks to successful refinancing.
Published 11 May 2023 in nedbank:cib/deals/property

Property valuations and trends in SA set to remain a mixed bag in 2022
Commercial property values decreased again in 2021, albeit at a slower pace than 2020.
Published 10 May 2023 in nedbank:cib/articles/property

R35 billion to power South Africa
Nedbank CIB invests billions into creating a stable power supply in South Africa
Published 10 May 2023 in nedbank:cib/deals/energy

Nedbank CIB honoured for leadership in sustainable finance
Our ESG-backed approach to lending and financing was recognised at the 2022 Global Finance Sustainable Finance Awards, where we ranked in the top 6% of banks globally and received awards for Outstanding Leadership in Green Bonds and Outstanding Leadership in Transition/Sustainability-linked Bonds.
Published 10 May 2023 in nedbank:cib/deals/esg

Nedbank CIB honoured for leadership in sustainable finance
Our ESG-backed approach to lending and financing was recognised at the 2022 Global Finance Sustainable Finance Awards, where we ranked in the top 6% of banks globally and received awards for Outstanding Leadership in Green Bonds and Outstanding Leadership in Transition/Sustainability-linked Bonds.
Published 10 May 2023 in nedbank:cib/deals/esg
Increasingly competitive IPP sector set to catalyse M&A activity
Clean energy has become a global priority in recent years.
Published 09 May 2023 in nedbank:cib/articles/corporate-finance

Nedbank invests in RapidDeploy to deliver life-saving rapid response technology to public safety
A tech company borne out of personal tragedy receives a loan to further develop their service that saves lives.
Published 09 May 2023 in nedbank:cib/articles/investment

Multiply Group and Nedbank Private Equity Successfully Exit Q Link
An incredibly fruitful investment period results in marked growth for a local payment services business.
Published 09 May 2023 in nedbank:cib/articles/private-equity

Embedded generation: The next vital developments to an energy-secure South Africa
Improved legislation, aggressive financing terms from funders and assistance from developed countries to aid South Africa in alleviating energy crisis.
Published 09 May 2023 in nedbank:cib-insights/green-energy

The growth of sustainable finance in South Africa
As part of an expert panel at the 2022 South African Real Estate Investment Trust Conference, Arvana Singh, Nedbank Head of Sustainable Finance Solutions, shared some thoughts on how sustainable finance in South Africa can help mitigate ESG-related risks.
Published 09 May 2023 in nedbank:cib/articles/property

The growth of sustainable finance in South Africa
As part of an expert panel at the 2022 South African Real Estate Investment Trust Conference, Arvana Singh, Nedbank Head of Sustainable Finance Solutions, shared some thoughts on how sustainable finance in South Africa can help mitigate ESG-related risks.
Published 09 May 2023 in nedbank:cib/articles/property
R370 million to fund self-storage facilities across South Africa
Nedbank Property Partners and Stor-Age Property REIT joint venture to install self-storage facilities around the country.
Published 09 May 2023 in nedbank:cib/deals/property

Nedbank assists National Treasury in raising US$3 billion
Investors across the UK, North America, Europe, Asia and Africa contribute to a US$3 billion bond concluded for South Africa.
Published 09 May 2023 in nedbank:cib/deals/investment

Eskom debt transfer solutions
We look at some at some of the details likely to be key to the success of Eskom’s debt transfer plans.
Published 09 May 2023 in nedbank:cib/articles/energy

Key factors in the recovery of the property sector in 2023
Gary Garrett, Managing Executive of Property Finance at Nedbank Corporate and Investment Banking, participated in an expert panel at the 2022 South African Real Estate Investment Trust Conference where he reflected on the response of the property sector to recent challenges.
Published 09 May 2023 in nedbank:cib/articles/property

Key factors in the recovery of the property sector in 2023
Gary Garrett, Managing Executive of Property Finance at Nedbank Corporate and Investment Banking, participated in an expert panel at the 2022 South African Real Estate Investment Trust Conference where he reflected on the response of the property sector to recent challenges.
Published 09 May 2023 in nedbank:cib/articles/property
How loadshedding impacts inflation
If loadshedding normalises between stages 4 and 5 in 2023, we could see up to 40 basis points (bps) of upward pressure on headline CPI (Consumer Price Index) if the complete cost of backup power is passed to the consumer.
Published 09 May 2023 in forum:topic/answered

How loadshedding impacts inflation
If loadshedding normalises between stages 4 and 5 in 2023, we could see up to 40 basis points (bps) of upward pressure on headline CPI (Consumer Price Index) if the complete cost of backup power is passed to the consumer.
Published 09 May 2023 in forum:topic/answered
Electricity crisis: Measuring the impact in the precious metals sector
The mining industry has been one of those hit hardest by South Africa's electricity crisis. We explore the impact and examine potential contingency plans.
Published 09 May 2023 in nedbank:cib/rsearch/mining
