Nedbank Group Limited (formerly Nedcor Limited) is a leading South African bank holding company. Through its principal banking subsidiary, Nedbank, and together with the other members of the Nedbank Group, it operates as one of the four largest banking groups in South Africa. The company’s shares have been listed on the JSE since 1969. The Nedbank Group offers a wide range of wholesale and retail banking services through three principal business clusters: Nedbank Corporate, Nedbank Capital and Nedbank Retail. The principal services offered by the Group comprise corporate and retail banking, property finance, investment banking, private banking, foreign exchange and securities trading. Nedbank Group also generates revenue from private equity, credit card issuing and processing services, custodial services, and asset management services.
New Limpopo Bridge Projects Limited (NLP) is an investment holding company controlled by Grindrod Limited Mauritius since 2012 with extensive project development experience. NLP is registered in Mauritius and its main investment focus is infrastructure-related projects. Nedbank, Old Mutual and Sanlam Groups, all major South African financial institutions, partnered with NLP to form NLPI. With a cumulative market capitalization exceeding US$15 billion, all NLPI shareholders are experienced in financial engineering, management, implementation and operation of infrastructure-related projects.
Old Mutual plc, a world-class financial services provider with a strong foothold in Africa, is listed on the London Stock Exchange. Currently, 72% of funds under Old Mutual’s management are in the United States; 24% are in South Africa and 4% are in the United Kingdom. NLPI is held by a subsidiary of Old Mutual plc, Old Mutual Asset Management, which consists of over 20 distinct boutique firms, including asset managers that specialize in high-quality active investment strategies for institutional and individual investors. Old Mutual’s regional asset management firms are located in the United States, South Africa, Canada, the United Kingdom, Bermuda and Kenya.
Sanlam ranks as one of the oldest and leading financial services groups in South Africa. It owns 23% of ABSA, one of the largest South African commercial banks. It is listed on the JSE Securities Exchange and on the Namibian Stock Exchange. Currently, the Group has 350 billion South African rand in assets under management and administration. The Sanlam Group conducts its business through Sanlam Limited, the corporate head office, and four business clusters: life insurance, short-term insurance, investment and financial services. The investment cluster focuses on investment-related businesses in South Africa, the United Kingdom, Europe and Namibia. Its areas of service and products include a range of activities from traditional asset management to property asset management and investment administration. The financial services cluster includes Sanlam Private Equity (SPE), a private equity fund-of-funds manager. As one of South Africa’s largest private equity players, SPE has in excess 5 billion South African rand of direct and fund-of-funds investment programs.