Nedbank

Nedbank is one of the largest banks in South Africa, however it is one of the newest banks to be incorporated in South Africa. It is headquartered in Johannesburg. Nedbank is listed on the JSE Stock Exchange under the code NED. Market capitalisation was R46.5bn as of 28 August 2006.

'Offsetting' Campaign To Save Forests To Be Announced At Rio+20

Five major corporations will join the emergency campaign to save the world's threatened forests by pledging to buy REDD multimillion dollar credits from projects protecting threatened forests around the world, the campaign announced Tuesday at the U.N. Conference on Sustainable Development, commonly known as Rio+20.

S.Africa's rand firms, bonds weak on rates outlook

South Africa's government bonds were weaker on Friday as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk.

SAfrica cbank holds rates, targets inflation

South Africa's Reserve Bank held interest rates on Thursday, choosing to focus on rising inflationary pressures in preference to propping up a sluggish domestic economy as uncertainties clouded the country's future rate path.

S.Africa's rand turns softer, bonds also weaker

South Africa's rand turned weaker against the dollar in late Johannesburg trade, giving back earlier slight gains as fears of trade wars between China and the United States rattled investors already jumpy over European debt woes.

S.Africa's rand slides vs dollar, bonds fall

South Africa's rand fell as much as 2 percent against the dollar on Tuesday, breaching 8.0 in thin volumes that exaggerated its moves, before clawing back ground as some players found themselves oversold on the currency.

S.Africa's rand steadies, stocks rise

South Africa's rand steadied against the dollar on Friday but faced further losses after a turbulent week in which it hit its weakest levels in more than a year as investors spooked by debt woes in the U.S. and Europe fled to safer havens like the yen.

Intelsat New Dawn Satellite Launch Rescheduled for April 22 (FULL TEXT)

Intelsat S.A., the world’s leading provider of fixed satellite services, announced today that the launch of Intelsat New Dawn has been rescheduled to Friday, April 22 at 5:37 p.m. (EDT). The satellite, loaded on an Ariane 5 rocket, will be launched from the Spaceport in Kourou, French Guiana.

S.Africa yield spread at record high, stocks gain

South Africa's government bond curve steepened again on Monday with the yield spread between shorter and longer-dated debt hitting a record high as dealers positioned ahead of a debt auction on Tuesday.

S.Africa's rand steady against dollar, stocks gain

South Africa's rand was little changed from last week's closing levels against the dollar on Monday, with central bank intervention helping stem gains in the currency despite support from stronger commodity prices.