Nedbank chief to visit Zim

country.
“We are expecting Mr Mike Brown along with representatives from the Nedbank executive team to land in Zimbabwe on Monday, August 27, 2012.

“The bank has arranged for the delegation to meet with our local regulatory authorities, together with the MBCA board and executive,” she said.
She added that the delegation would also meet MBCA staff to discuss the group’s vision, strategy and performance.

Mr Brown last visited Harare in August last year during which he met with the MBCA board members and staff.
At the time, Ms Mutimutema said the visit served to affirm Nedbank’s strategy and vision around its financial performance and update staff on operations across Africa.

Mr Brown first visited when he came to brief staff on the group’s financial performance, its vision and plans by HSBC to acquire Nedbank.
Nedbank increased its stake in MBCA Bank in 2010 from 50 percent to about 74 percent after following its rights for the recapitalisation of the local bank to the tune of US$12,5 million as required by the central bank.