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Nedbank Group Releases B-BBEE Certificate and Annual Compliance Report

Nedbank BBEEE Status 2023
  • Nedbank Group releases B-BBEE certificate and annual compliance report, showcasing transparency and regulatory adherence.
  • Reports can be accessed on the Nedbank Group website, underscoring the company’s commitment to diversity and inclusion.
  • Acknowledgment extended to sponsors in South Africa and Namibia for their support in promoting transformation and economic empowerment.

Nedbank Group Limited has announced the publication of its Broad-Based Black Economic Empowerment (B-BBEE) certificate and the annual compliance report. This significant development showcases Nedbank Group’s commitment to transparency and adherence to regulatory requirements.

In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited Listings Requirements, Nedbank Group has released its B-BBEE certificate and the Company’s annual compliance report (case number: 9/5/2023). These reports pertain to the provisions outlined in section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act, No 46 of 2013.

Shareholders and stakeholders can access the B-BBEE certificate and annual compliance report on the Nedbank Group website at the following link: https://www.nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/corporategovernance/Transformation.html.

By publishing these reports, Nedbank Group aims to foster transparency and accountability in its operations. The Company recognizes the significance of B-BBEE compliance and the importance of promoting a diverse and inclusive economy.

Nedbank Group’s commitment to transformation and empowerment aligns with its long-standing vision of driving sustainable growth and contributing positively to the communities it serves. As a reputable financial institution, Nedbank Group understands the pivotal role it plays in fostering socio-economic development and creating equal opportunities for all.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo

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