What smart money is saying about Nedbank Group
1 fund in our archive has pitched Nedbank Group, most recently Aylett Balanced Prescient Fund in September 2026.
Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa, rest of Africa, Europe, Asia, the United States, and internationally. The company operates through Nedbank Corporate and Investment Banking; Nedbank Business and Commercial Banking; Nedbank Personal and Private Banking; Nedbank Africa Regions; and Centre segments. It offers lending products, advisory services, leverage financing, trading, brokering, structuring, hedging, and client coverage; corporate finance advisory, financial products and services, customized transactional banking, asset management, and commercial property finance; transactional accounts, home loans, vehicle and asset finance, card services, personal loans, insurance and investments; Wealth services include trust and estate planning, stockbroking, and financial planning, as well as tailored banking and services; and franchising and manufacturing industries and public sector. The company also provides life and non-life insurance; asset management; trust and estate planning, stockbroking, and financial planning wealth management services. In addition, it offers capital management, funding, and liquidity risk management. The company was formerly known as Nedcor Limited and changed its name to Nedbank Group Limited in 2005. Nedbank Group Limited was founded in 1831 and is headquartered in Sandton, South Africa.
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Position history
Between Q2 2026 and Q3 2026, 4 fund letters reported a position in Nedbank Group, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 1 | 0 | 1 |
| Q2 2026 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 4 positions · 1 move
- September 2026
“Nedbank was a contributor over the quarter, with the share price rising after its results for the six- month period to June. The market expected a tough set of numbers, with weaker income and a sharper rise in bad debts, but the bank delivered better outcomes for both components. Income held up well and, while the bad-debt charge did rise because of stress in the personal-lending book, the group-level charge stayed within the bank's own through-the-cycle range. At the trough, it was valued on a 10% dividend yield, which was just too negative an expectation, which allowed us to meaningfully add to the position.”
Nedbank Group - HoldsAllan Gray Quarterly Commentary Vol. 3September 2026
Listed in Allan Gray Quarterly Commentary Vol. 3’s reported holdings.
Nedbank Group - September 2026
“Nedbank was another contributor over the quarter, with the share price rising after its results for the six-month period to June.”
Nedbank Group - HoldsTruffle Asset Management Fund RangeJune 2026
“When engaging Pepkor we questioned incentive/return misalignment relating to the offshore expansion while at Astral the concerns were raised around insufficient disclosure of individual performance targets. We also engaged Nedbank on M&A-linked remuneration adjustments and contractor minimum wage. This is an ongoing point of discussion into H2 2026.”
Nedbank Group
Fund coverage · 1 thesis
- Aylett Balanced Prescient FundSeptember 2026
Nedbank beat low expectations on income and bad-debt charges, and a 10% dividend yield at the trough let the fund add meaningfully to the position.
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