About us
Culture
Insights
Solutions
Sustainability
Contact us
Get in touch
Find us
Get an overview
Awards

Deals

Find out how we enable clients to realise their ambitions and advance ESG goals.

Explore About us
#BeTheDifference
Women of Corporate Investment Banking

Young Analyst Programme

Explore Culture
Gain knowledge
Articles

Get the competitive edge with leading insights from industry experts.
Conferences

Conferences sponsored by CIB
Explore Insights
Achieve strategic goals
Corporate Finance

Nedbank CIB Corporate Finance is an award winning Corporate and Investment Banking team that provides clients with end-to-end M&A and debt/equity advice, equity markets, regulatory and sponsor advice.
Financing

Fund your business growth with innovative equity and sustainable finance solutions.
Investing

Find the investment option that gives your business real returns.
London

Markets

CIB offers a range of tailored financial solutions that enable clients to manage the risk of swings in value due to foreign exchange, inflation, interest rate, trade and other movements – a process called hedging – as well as deal in equities and bonds.
Nedbank Business Hub

Transacting

Stay in control and keep your assets safe with our bespoke transaction services.
Explore Solutions
Explore Sustainability
Explore Contact us
Back
About us

Awards

Deals

Find out how we enable clients to realise their ambitions and advance ESG goals.
Back
Culture

Women of Corporate Investment Banking

Young Analyst Programme

Back
Insights

Articles

Get the competitive edge with leading insights from industry experts.

Conferences

Conferences sponsored by CIB
Back
Solutions

Corporate Finance

Nedbank CIB Corporate Finance is an award winning Corporate and Investment Banking team that provides clients with end-to-end M&A and debt/equity advice, equity markets, regulatory and sponsor advice.

Financing

Fund your business growth with innovative equity and sustainable finance solutions.

Investing

Find the investment option that gives your business real returns.

London

Markets

CIB offers a range of tailored financial solutions that enable clients to manage the risk of swings in value due to foreign exchange, inflation, interest rate, trade and other movements – a process called hedging – as well as deal in equities and bonds.

Nedbank Business Hub

Transacting

Stay in control and keep your assets safe with our bespoke transaction services.
Back
Sustainability
Back
Contact us
Back
  • Awards
  • R4bn Tronox deal funds two 100MW solar plants
  • Billions to help Redefine build green properties
  • Harmony pursues green goals with R10 billion loan
  • Cold solutions finance for cold storage facilities
  • International Finance Corporation green bond fund
  • Envusa energy deal: The way for renewable energy
  • Paladin Energy senior debt funding partnership
  • Renewable energy wind farm financing
  • Stor-Age’s successful inaugural bond auction
  • PlusNet, Peninsula Packaging and Barrier Film Convertors co-investment opportunity | Nedbank CIB
  • IFC Green Loan | Nedbank CIB
  • AngloGold appoints Nedbank CIB as sole underwriter | Nedbank CIB
  • Nedbank CIB Property Finance Team achievement | Nedbank CIB
  • PwC Tower, Westlands — Where Kenya's corporate vision meets world-class execution
  • Mining finance for gold projects in Africa | Nedbank CIB
  • Women of Corporate Investment Banking
  • Young Analyst Programme
  • Commercial property trends 2022
  • Green energy in the developing world | Nedbank CIB
  • How sustainable finance creates value
  • How the property sector recovered in 2023
  • There's a new buoyancy around water and sanitation
  • What happens when finance meets sustainability?
  • Africa’s renewable-energy projects
  • Breaking barriers for energy transition in mining
  • Nedbank CIB wins big at 2025 IFC Awards
  • Conferences
  • Corporate Finance
  • Financing
  • Investing
  • London
  • Markets
  • Nedbank Business Hub
  • Transacting

Latest insights from our analysts

markets-ilb-graph

4th Annual Nedbank CIB Hydrogen and Fuel Cell Conference

Discussing the latest trends in the global hydrogen and fuel cells markets, and the role this technology could play in the global decarbonation drive.

Watch here
markets-ilb-graph

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.

Learn more
mpc-graph

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.

Learn more
bond-graph

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.

Learn more
mpc-graph

Upside for bonds has compressed

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.

Learn more
bond-graph

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.

Learn more
mpc-graph

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...

Learn more
sarb-graph

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.

Learn more

Sign up for access to the Nedbank CIB Research Portal

Register