Zim, Banco Unico & tough economic environment weigh on Nedbank’s FY earnings

PUBLISHED: Tue, 03 Mar 2020 10:53:18 GMT

Nedbank reported a full year headline earnings loss of 7.3 per cent to R12.5 billion which was below its expectations. The group contributed its decline in headline earnings and an unchanged dividend to the South Africa’s current weak trading conditions and its gloomy global outlook. Nedbank CEO, Mike Brown joins CNBC Africa for more.

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