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- Nedbank Corporate and Investment Banking leads the structuring, negotiation, and execution of a multi-billion rand financing deal for Envusa Energy.
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- Two wins for sustainable finance leadership | Nedbank CIB
- National Contributor empowers FURTHER IMPACT entrepreneurs
- What happens when finance meets sustainability?
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- Breaking down barriers for energy transition in mining
- Africa's pathway to a climate-resilient economy | Nedbank CIB
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- National Contributor empowers FURTHER IMPACT entrepreneurs
- What happens when finance meets sustainability?
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- Breaking down barriers for energy transition in mining
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R35 billion to power South Africa
R35 billion to power South Africa
Staff writer
Posted 09/05/2023 Updated 30/05/2024 2 mins
Nedbank CIB invests billions into creating a stable power supply in South Africa
At Nedbank CIB, we are committed to doing our part in the transition to sustainable energy. In late 2022, we funded approximately R35 billion of the country’s Renewable Energy Independent Power Producer Programme. In addition, Nedbank CIB assisted in introducing 3157MW of new energy to the national power grid. According to Vusi Mpofu, sector lead for mining and chemicals at Nedbank, an investment of this magnitude has meant the bank’s energy team has been able to build relationships with independent power producers, something that can only improve the state of the country’s power supply.
This is good news considering power disruptions over the past year. These disruptions have meant a decline in mineral production across all commodities. For example, in November 2022, mining production shrunk by 9% after 10 consecutive months of continuous decline. The economy now faces a R1 billion rand hit because of the impact of loadshedding, daily.
When it comes to addressing local business’ power needs, Nedbank CIB continues to provide efficient and effective solar solutions that make it easier to keep the lights on. Nedbank is also helping organisations reduce their carbon footprint while alleviating the strain that comes with an inconsistent power supply. Our guidance and insight assist our energy and mining clients with bespoke financing solutions that consider the environment and their pockets.
At the end of the day, Nedbank prides itself in leading the way – both locally and abroad – when it comes to sustainable finance. And these economy-changing solutions are just the beginning.
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See allNCIB 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.
By Staff writer
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.
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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).
By Staff writer
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).
Staff writer
Published 19 May 2023