Nedbank posts 10% rise in headline earnings despite increase in bad loans
By: Natasha Archary Image: New York Public Library Unsplash Nedbank posted a 10% rise in headline earnings despite an increase in bad loans in the first half of 2023. Mfundo Nkuhlu, Nedbank Chief Operating Officer speaks to Nastassia Arendse about the trends which partially offset the bank's increases in retail impairments. "This is an environment that has been characterized by slower global growth, lower commodity prices, domestic debt activity hugely […]