Company Data
| Last traded |
R18.74 |
| Change |
R-0.11 |
| % Change |
-0.58% |
| Cumulative volume |
8.89m |
| Market cap |
R91.29bn |
| Last traded |
R168.34 |
| Change |
R-0.80 |
| % Change |
-0.47% |
| Cumulative volume |
299,281 |
| Market cap |
R85.43bn |
Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
Hong Kong - HSBC Holdings has emerged as the frontrunner to buy a controlling stake in Nedbank Group [JSE:NED], South Africa's fourth-largest bank, in a deal that could be announced as early as Monday, the Financial Times quoted people familiar with the talks as saying.
HSBC, Europe's biggest lender, was set to pip its emerging markets rival Standard Chartered to the post in the race for what could be the last big South African bank that regulators allow a foreigner to buy, the Financial Times reported on Saturday.
A HSBC spokesperson declined to comment on the report on Sunday.
In July, a media report said HSBC may bid for Nedbank, a potential $4.4bn that would give HSBC bigger profile in fast-growing Africa. HSBC had appointed investment bank Lazard to advise on the possible takeover, Sky News said.
Nedbank's is controlled by Anglo-South African insurer Old Mutual [JSE:OML], which is undergoing a strategic overhaul to slim down its complicated structure.
The sprawling financial conglomerate sold its US life insurance business earlier this month for $350m but its chief executive Julian Roberts declined to comment on whether the restructuring will also include a sale of Old Mutual's flagship asset, its majority stake in Nedbank.