Try GOLD - Free
Nedbank concludes R1.8bn Ecobank sale, resets focus on African markets
Cape Times
|December 19, 2025
NEDBANK has concluded the sale of its stake in Nigerian lender Ecobank Transnational Incorporated (ETI) to Bosquet Investments for R1.8 billion and will pencil in a R7bn cumulative loss on its books from the investment.
The sale of the 21.2% stake has been approved by the requisite regulators, and the disposal was concluded on December 17, 2023.
Bosquet Investments is the private investment vehicle of Alain Nkontchou, the managing partner and co-founder of Enko Capital Management, an Africa focused asset management company.
Nedbank first invested in ETI in 2011, when it acquired a 20% stake for about R5.4bn at the time, as part of a strategic alliance between the two banks.
This story is from the December 19, 2025 edition of Cape Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Cape Times
Cape Times
Lawyers rally behind heightened scrutiny of prosecutors
THE Black Lawyers Association (BLA) has thrown its weight behind Justice and Constitutional Development (DJCD), Mmamoloko Kubayi’s call for mandatory lifestyle audits for all prosecutors, saying certain elements should be subjected to investigation following the evidence before the Zondo Commission and the Nkabinde inquiry.
2 mins
January 06, 2026
Cape Times
Brigitte Macron: Court to deliver verdict
A PARIS court yesterday was expected to deliver its verdict in the trial of 10 people accused of cyber-harassment of President Emmanuel Macron's wife Brigitte by spreading false information about her gender and insinuations related to the age difference between the first couple.
2 mins
January 06, 2026
Cape Times
Crumbling roads blamed for 'disappointing' tourism season
THE tourism industry association, Federated Hospitality Association of South Africa (Fedhasa), has blamed challenges linked to the country's infrastructure as being one of the reasons for a disappointing performance during the festive season.
2 mins
January 06, 2026
Cape Times
TWEEDE NUWE JAAR: FROM SLAVERY TO CULTURAL PRIDE
AS A GIRL, Fatima Dulvie would spend New Year's Day perched on the wall of her home in Cape Town's historic District Six area in feverish anticipation of the minstrels' parade that would pass the following day.
3 mins
January 06, 2026
Cape Times
Airlines challenge ATNS over cause of OR Tambo delays as staffing dispute deepens
AIRLINES have questioned Air Traffic Navigation Services' (ATNS) shifting explanation for widespread flight delays at O.R. Tambo International Airport (ORTIA), after the entity attributed disruptions to adverse weather conditions following earlier statements that cited staff shortages as the primary cause.
2 mins
January 06, 2026
Cape Times
Smith ready to take his chance
JASON
2 mins
January 06, 2026
Cape Times
SA leaders have failed to carry out transformation
THE dawn of democracy in 1994 signalled far more than a political transition for South Africa - it represented a civilisational moment for African dignity.
2 mins
January 06, 2026
Cape Times
Anne Frank’s step-sister dies
EVA Schloss, the Auschwitz survivor who dedicated decades to educating people about the Holocaust and was the stepsister of diarist Anne Frank, has died aged 96, her foundation announced Sunday.
1 mins
January 06, 2026
Cape Times
VETERAN SOUTH KOREAN ACTOR AHN SUNG-KI DIES AT 74
VETERAN South Korean actor Ahn Sung-ki, who appeared in more than 170 films over nearly seven decades, died yesterday, local media reported.
1 min
January 06, 2026
Cape Times
How generational vices are redefining coping mechanisms in modern society
EVERY generation has its own thing, a habit, a coping mechanism, or a shared indulgence we think is harmless until we look back and see it differently.
3 mins
January 06, 2026
Listen
Translate
Change font size