SADC operations power Nedbank Africa Regions earnings growth

Staff Writer

SADC operations in Nedbank Africa Regions (NAR), which includes Namibia, increased earnings strongly, albeit off a low base, in the first half of this year.

The performance came within a broader context of uneven global economic conditions, shifting inflation dynamics and resilient but constrained domestic growth across Nedbank Group’s key markets.

This reflected improved momentum across regional markets. Net interest income growth was driven by mid-to-upper single-digit asset growth, partially offset by margin compression due to prior interest rate cuts.