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MONEYWEB app instead? Nedbank in the spotlight for alleged corruption ‘In investigating Regiments….[Nedbank] always seemed to be the bank in the room with Regiments’: Susan Comrie, AmaBhungane journalist. 22:47  Open: Open: Open: NOMPU SIZIBA: Investigative journalists (from) amaBhungane have unveiled an exposé on a questionable relationship between disgraced financial services company Regiments Capital and Nedbank that dates back over a decade. According to their findings, Nedbank incentivised Regiments Capital to always pedal its financial products to Regiments public-se...

For 7 years, Nedbank reaped huge profits from its shady relationship with Gupta-linked Regiments Capital, says Susan Comrie.

Ina Opperman Nedbank has stated that its internal and external reviews confirmed that the bank at no time acted unlawfully in its dealings with Regiments or its clients. Regiments allegedly promoted the Nedbank products to its public sector clients, such as the City of Johannesburg, City of Tshwane and Acsa while it was supposed to offer impartial advice. The ‘commission’ Regiments received was part of the Nedbank charges and Regiments clients often did not know about it, amaBhungane wrote. According to amaBhungane, this all star...

South Africa has to move to Plan B on its vaccine rollout; schools experience some déjà vu a week before opening; accidents and domestic violence spike as…

By Reuters Staff 2 Min Read JOHANNESBURG, Feb 8 (Reuters) - South Africa’s Nedbank denied any wrongdoing on Monday after three local news sites reported on its links to a scandal that led to large losses at public entities, sending the bank’s shares down almost 9%. Investigative outlet amaBhungane, the Daily Maverick and News24 said Nedbank paid billions in rand in fees to a company called Regiments Capital for involving it in deals that lost money for municipalities and state-owned companies. The article published by the three news sites said the commissions were often not disclosed to c...