Examples of Nedcor in a sentence
Old Mutual, together with its subsidiaries Nedcor and Mutual & Federal, is the leading financial services group in southern Africa, measured by total assets.
Major South African banks Standard Bank and Nedcor participated in the two syndicated deals transacted in 2000 for infrastructure sector borrowers (mobile- phone operators).
As of March 13, 2006, Old Mutual affiliates include: Mutual & Federal Insurance Company Limited Nedcor Limited Skandia AB Longview Fibre Company An updated list of affiliated companies is available through the Compliance Department upon request.
See ABSA Bank Bpk v C L von Abo Farms BK en Andere 1999 (3) SA 262 (O) at 274D and Nedcor Investment Bank Ltd v Visser NO and Others 2002 (4) SA 588 (T) at 954.
Directors T VoslooJ P Bekker Prof E Botha F du Plessis Dr G J Gerwel L N JonkerS J Z Pacak F PhaswanaB J van der Ross N P van Heerden J J M van Zyl Prof H Willemse Registered Address 40 Heerengracht Cape Town 8001 Nedbank Group Limited Nature of BusinessNedbank Group Limited (previously Nedcor Limited) is a bank holding company that, through its principal banking subsidiary, Nedbank, together with the other members of the group, operates as one of the four largest banking groups in South Africa.
In the finance and insurance sector, the group of the biggest African TNCs include, as of 1993, Banque Algerienne de Developpement, Nedcor Bank Ltd.
It was, for example, mooted in Union Carriage and Wagon Co Ltd v Nedcor Bank 1996 CLR 724 (W).
Old Mutual, Nedcor and Mutual & Federal increased black shareholding by 12,75% in a R7,2bn deal for the benefit of black controlled entities owned by black clients.
The second defence raised by Stupel & Berman rested on the proposition that the purported cession of the net proceeds of the sale in favour of Rodel amounted toa partial cession of the purchase price, which was as such invalid in law (see eg Van der Merwe v Nedcor Bank Bpk 2003 (1) SA 169 (SCA) para 6 and 8; Kruger v Property Lawyer Services (Edms) Bpk 2011 JDR 0527 (SCA) para 9 fn 5).
The high court also erred in relying on the analogy which this court drew between s 23(3) of the RAF Act and s 40(2) of the Insolvency Act in Nedcor for reasons not relevant for purposes of this matter.