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The Nedcor Group was renamed the Nedbank Group on 6 May 2005. In August 2009, Nedbank acquired the 49.9% of Imperial Bank South Africa that it did not own, so Imperial Bank South Africa is wholly owned by Nedbank. [7] In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $285 million claim in Ecobank into equity. [8] [9]
South Africa switched to a closed numbering system effective 16 January 2007. At that time, it became mandatory to dial the full 10-digit telephone number, including the zero in the three-digit area code, for local calls (e.g., 011 must be dialed from within Johannesburg).
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
www.nedbank.co.za NBS (previously known as Natal Building Society ) was one of the largest Independent banks in South Africa before it went through a series of mergers starting in 1998 to become part of Nedbank by 2004.
The 2019 Johannesburg riots occurred in the South African city of Johannesburg from 1–5 September 2019, leading to the deaths of at least seven people. [2] The riots were xenophobic in nature, targeting foreign nationals from other African countries. [ 3 ]
The bank is a subsidiary of the Nedbank Group, an established financial services provider, headquartered in Johannesburg, South Africa, with total assets of almost ZAR1 188 005, as at June 2021. [ 3 ]
Edward Nathan & Friedland was formed in 1905. In 1999, Edward Nathan & Friedland was bought by Nedbank for R40 million. After an exodus of clients and lawyers, as well as deeming the investment non-core, in 2004, Nedbank sold Edward Nathan & Friedland back to 47 directors for R50 million. [6]
Johannesburg is the economic and financial hub of South Africa, producing 16% of South Africa's gross domestic product, and accounts for 40% of Gauteng's economic activity. [citation needed] In a 2008 survey conducted by Mastercard, Johannesburg ranked 47 out of 50 top cities in the world as a worldwide centre of commerce (the only city in Africa).