Last week I wrote about never letting a good crisis go to waste. It's one of the most difficult things for investors to do while you're in the thick of it. You don't want to deploy capital when things look like they are going to get worse, much worse. But that is the precise time to “slowly drip” capital into the market. It's an investors primary focus to look past the noise to see opportunity... ››› more
This might be the most important week for determining the market direction for the rest of the year, we have:
• A Fed announcement on their tapering on Wednesday
• A SARB announcement on interest rates om Thursday
• Futures closeout on Thursday
The market is expecting (with a 98.6% probability) the Fed to not pull the trigger on an additional rate hike. On the flip side, local inte... ››› more
US interest rates on the rise.
Fed Chair Janet Yellen provided testimony last week indicating a high likelihood of another US interest rate hike in March. The markets are now pricing in a 0,25% hike. The US dollar is strengthening again.
Local markets were flat over the week. The All Share squeezed out a gain of 0,1%, Resources were similar and Industrials down marginally (0,5%), Fin... ››› more
Since the result of the Brexit referendum came in last week, investors have watched millions disappear from the companies in their portfolios. This week, it's the South African financial stocks that took the brunt of the impact.
- Nedbank (JSE: NED) is 4% lower this week
- Standard Bank (JSE:SBK) fell 4%
- Barclays Africa (JSE: BGA) also took a 4% knock
- While FirstRand (JSE: FSR) fell ... ››› more
Nedbank BettaBeta Green exchange traded fund (ETF) tracks the Nedbank Green Index. The ETF has a listing on the Johannesburg Stock Exchange…
Full name: Nedbank BettaBeta Green ETF
Short name: BE_GREEN
Sector: JSE listed funds
Five top facts about Nedbank BettaBeta Green ETF
Exchange traded funds (ETFs) are funds listed on the stock market. They’re passiv... ››› more
Nedbank BettaBeta Equally Weighted Top 40 exchange traded fund (ETF) tracks the BettaBeta Equally Weighted Top 40 Index. The ETF has a listing on the Johannesburg Stock Exchange…
Full name: Nedbank BettaBeta Equally Weighted Top 40 ETF
Short name: BBEWT40
Sector: JSE listed funds
Five top facts about Nedbank BettaBeta Equally Weighted Top 40 ETF
Exchange t... ››› more
Yesterday, Nedbank Group released its results for the six months to the end of June.
The banking group surpassed analysts' expectations boosting earnings over 14%.
Shares in the company rose strongly on release of the results.
Let's take a closer look at what the results revealed…
Nedbank saw earnings rise over 14%
Nedbank [JSE:NED] posted a rise in earnings of 14.1% for its fi... ››› more
Nedbank is one of the top four banks in South Africa with over R810 billion in assets. It's one of the Johannesburg Stock Exchange's top 40 companies...
Full name: Nedbank Group Limited
Short name: Nedbank
Sector: Banks – banks
Five top facts about Nedbank Group
Nedbank Group employs around 30,500 people who work in its branches and offices in South Africa, o... ››› more
Nedbank specialises in banking services. The company's preference shares are listed on the Johannesburg Stock Exchange…
Full name: Nedbank Limited Preference Shares
Short name: Nedbank-P
Sector: Debt – preference shares
Five top facts about Nedbank Preference Shares
Preference shares are a mixture of equity and debt. They have many characteristics of ordin... ››› more
Yesterday, Nedbank announced that it's to secure a 20% stake in Ecobank Transnational. The deal will cost Nedbank $493 million.
There have been doubts if the deal would go ahead after Ecobank encountered some issues over governance.
Let's take a closer look at what the deal means for Nedbank…
Nedbank is the second largest shareholder of Ecobank
The acquisition makes Nedbank [JSE:N... ››› more
Yesterday, after the market closed, rating agency Moody's downgraded South Africa's four big banks.
After the Reserve Bank rescued troubled lender African Bank, Moody's believes there are risks in SA's banking sector.
This morning, shares in Standard Bank, Absa, FirstRand and Nedbank have all fallen as investors digest the news. This is in spite of the Reserve Bank disputing Moody's decision... ››› more
Yesterday, Moody's Investor Services announced that it downgraded four of the country's biggest banks: Standard Bank, Absa, Nedbank and FirstRand.
Moody's has concerns over the Reserve Bank's ability to protect creditors following what happened with African Bank a few weeks ago.
Let's take a closer look at what's going on…
Moody’s cut the credit ratings of Standard Bank, Absa, Nedb... ››› more
Earlier today, the South African Reserve Bank announced it fined the four largest South African banks over lax Financial Intelligence Centre Act (FICA) controls. This relates to the banks failing to have adequate provisions against money laundering and the financing of terrorism. The central bank dealt each bank a hefty fine. Let's take a closer look at what happened…
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Earlier today, Nedbank released its full-year results to the end of December. These were better than forecast, with earnings beating expectations. Shares in Nedbank responded well to the results. Let's take a closer look at what Nedbank's results revealed…
In its results, Nedbank reported growth in “diluted headline earnings per share (HEPS) by 15%,” reports BDLive. They came in at 1,829c,... ››› more
The JSE kicked the week off on the right foot. The local bourse had another good day, with gold and bank shares leading the way higher. After stopping for a slight rest towards the end of last week, the JSE looks set to run higher again. Let's take a closer look at the day on the JSE…
Today saw the JSE All Share Index come “within a point of its all-time high,” reports IOL. The higher spot... ››› more
Earlier today, Nedbank released its third quarter trading update. And the update showed that the bank is on track to meet its targets for the current financial year. Let's take a closer look at what the trading update revealed…
In its trading update, Nedbank says that its “income in the first nine months gained as customers boosted lending,” reports Fin24. This saw net interest income rise... ››› more
Yesterday, Nedbank said that it had joined forces with the Bank of China to help trade and investment flow between China and Africa. Let's have a closer look at the agreement between the two banks…
Nedbank has signed a “strategic business co-operation agreement with the world’s ninth-largest bank,” reports BDLive. This move cements the relationship between Nedbank and the Bank of China (... ››› more
Earlier today, Nedbank released its interim results. The bank has increased its profit by 13% for the first half of the year. Let's have a closer look at what else the results revealed…
The Nedbank Group saw a “13% rise in first-half profit,” reports Fin24. The bank was “boosted by strong growth in income from fees”.
For the first six months of 2013, diluted headline earnings per sh... ››› more
Capitec Bank is really proving itself. Not only was it announced as the top company of the year at the Sunday Times Top 100 Companies Awards in November, the latest All Media Product Survey or AMPS results also show it's ousted Nedbank as the fourth-largest bank by market share in the country! Giving you even more reason to be excited about investing in this bank…
Capitec Bank’s shar... ››› more
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