NEDBANK RESULTS – Nedbank posts 20% rise in full year profit

GUEST – Mfundo Nkuhlu, COO at Nedbank<br /> <br /> Nedbank’s 2022 full-year results revealed a significant increase in the company’s headline earnings, which allowed it to increase its total dividend for 2022 by 38%. The company declared a final dividend of 866 cents per share, a 14% increase from December 2021.<br /> <br /> This brought the total dividend for 2022 to 1,649 cents per share – a record-high for Nedbank. Despite a “challenging macroeconomic backdrop”, the company managed to increase its headline earnings to R14 billion, said Nedbank CEO Mike Brown. Unlike many other companies in South Africa, Nedbank reported that load-shedding had had a limited impact on its operations, though it did increase the company’s expenses <a href="http://www.kayafm.co.za/">Kaya FM </a>