Nedbank secures 66% of NCBA in R13.9 billion deal

The JSE All Share rose 0.04% to 108980.05 points and the Top 40 added 0.16% to 100772.13, while Nedbank led the session with a R13.9 billion cross-border banking deal. Nedbank secured a 66% stake in Kenya's NCBA, according to News24, after an offer valued at R13.9 billion, according to businesstech.co.za. The Kenyan Wallstreet reported the South African lender won strong backing for the NCBA bid, extending the takeover process disclosed on July 21. Elsewhere, Kumba Iron Ore issued a trading statement for the six months ended June 30, 2026, and Sasol released business performance metrics for the year ended June 30, 2026, according to market filings.