Tag Archives: Nedbank

AI, data & cloud in focus as South African business, technology leaders gather

JOHANNESBURG, South Africa, 23 October 2025-/African Media Agency(AMA)/- South Africa’s business leaders, technology experts, and SAP partners gathered in Johannesburg today to explore how cloud, data, and AI innovations are reshaping the enterprise landscape and unlocking new growth opportunities for businesses.

Nazia Pillay, Managing Director: Southern Africa at SAP, said South African organisations are facing a turning point. “The convergence of data, cloud, and AI technologies presents an extraordinary opportunity to rethink how we operate, innovate, and grow. By combining new thinking with AI-enabled skills the latest technologies, companies across the region can unlock a new era of accelerated growth and innovation.”

Tech skills development has received renewed attention in recent times as companies rush to attract skilled workers that can unlock the potential of AI and other technologies in their businesses. Research conducted by SAP found that nine in ten African organisations are already experiencing negative impacts from a lack of AI skills, with consequences ranging from failed innovation initiatives and delayed implementations to an inability to take on new work. “This digital shift is empowering organisations to make faster, data-driven decisions, close the skills gap, and build more resilient, future-ready enterprises. We must equip our workforce with the right skills to fully harness the potential of these emerging technologies” added Genni Barnes, SAP Solution Architect at Nedbank.

Keynote speaker Professor Bonang Mohale, Chancellor of the University of the Free State and Chairperson of several large South African companies, believes South Africa’s success in the digital age depends on the country’s ability to lead with clarity and act with urgency. “Innovation is a necessity for national competitiveness. Collectively, we must ensure we’re not just adopting global technologies but adapting them to our unique context to create lasting value for our businesses, our people, and our economy.”

The comments were made at SAP Business Suite Innovation Day, part of a global event series that provide an exclusive introduction to SAP’s latest cloud applications and data-driven AI innovations, including SAP Business Data Cloud and SAP Business AI. The event brought together customers, partners and innovators for wide-ranging discussions around best practices, learnings and insights for how AI can be embedded across businesses, powered by curated, contextual, and connected data

Stef De Mulder, Chief Revenue Officer for SAP Business Data Cloud & SAP Business AI, EMEA at SAP, said new advances in how organisations collect, manage and empower data is unlocking vast opportunities for AI-enabled growth and innovation. “By breaking down data silos and allowing businesses to govern and connect all their data, our new AI and data solutions provide real-time, context-rich insights to businesses where they need it most. With AI orchestration and seamless integration with platforms like Databricks, organisations can boost productivity, modernise their data landscape, and accelerate the development of intelligent applications that deliver measurable impact.”

According to Glazelle Pohl, Group IT Manager: Solution Delivery & PMO (product management office) at ABF Sugar, “many enterprises are rapidly embracing cloud computing, data analytics, and AI to reimagine how they operate, innovate, and expand. These technologies assist in unlocking new levels of productivity and efficiency but also allow access to entirely new business models and sustainable practices in the long term.”

Pillay adds that companies globally are increasingly adopting a clean core strategy, which SAP sees as a critical enabler for long-term innovation, agility, and cost efficiency. “The clean core approach is key to simplifying the enterprise landscape and ensuring companies can rapidly adopt new innovations with minimal disruption. It’s the foundation that allows AI, cloud and data solutions to deliver full value across every line of business.”

Distributed by African Media Agency (AMA) on behalf of SAP Africa.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

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Spanish coach Riveiro leaves South African club amid Al Ahly link

Spanish coach José Riveiro was released early from his position as head coach of South African football club Orlando Pirates, the team announced in a statement on Monday.

Riveiro’s departure comes amid reports that he will join Egyptian club Al Ahly ahead of the 2025 FIFA Club World Cup that will take place in the United States in June.

“José approached us a few weeks ago with a request to be released from his contract ahead of schedule, having signed with a new club”, Orlando Pirates Chairman Dr. Irvin Khoza said in the statement.

“His contribution since joining the Club has been immense. We learned a lot from him, and he learned a lot from us”, Khoza added.

Riveiro spent nearly three years at Orlando Pirates. Under his leadership, the club was crowned vice-champion of the 2023 South African Premiership and was runner-up of the 2025 Nedbank Cup.

The Spaniard’s contract with the South African club originally ran until the end of June 2025.

“I want to express my sincere appreciation to Orlando Pirates for allowing me the opportunity to leave before the end of my contract“, Riveiro said before thanking the club, the players and the supporters.

Orlando Pirates said Riveiro “will be on the bench for the final time” at the team’s game against the Lamontville Golden Arrows on Tuesday night.

Riveiro is rumoured to joined Al Ahly according to Egyptian media, but the Cairo-based club has not announced talks with the 47-year-old Spaniard.

Al Ahly has been without a full-time coach since Marcel Koller left last month after elimination in the CAF Champions League semifinals by the South African Mamelodi Sundowns.

Al Ahly is often considered the most successful football club in Africa. The team has won a record 44 Egyptian Premier League titles and has been crowned winners of the CAF Champions League 12 times.

It has qualified for the 2025 FIFA Club World Cup by winning the African title in 2021, then again in 2023 and 2024.

The Egyptian club is set to play Lionel Messi’s Inter Miami in the opening game of the tournament on June 14.

Al Ahly has already won 4 Club World Cup bronze medals, most recently in 2023.

Source: Africanews

Shortlist of nominees announced for the African Banker Awards 2025

The 2025 edition of the Awards will recognise and celebrate the strides being made by banks across the continent with a focus on innovation, transformation and also the promotion of inclusivity and gender equality. 58 nominees have made the shortlist for the 2025 awards, which has become a fixture on the African banking calendar.

LONDON, England 2 May, 2025 -/African Media Agency(AMA)/- African Banker magazine has announced the shortlist of nominees for this year’s edition of its annual African Banker Awards.

The winners will be made known during the official gala ceremony scheduled for May 28th in Abidjan, Côte d’Ivoire, as part of the official programme of the Annual Meetings of the African Development Bank.

The 2025 edition of the African Banker Awards is organised by African Banker magazine and IC Events under the patronage of the African Development Bank. The ceremony’s platinum sponsor remains the African Guarantee Fund, a fund created to share risks with commercial banks to encourage them to lend to the SME sector while ATIDI, which provides facilities to ensure against country risks and other associated insurance services, comes in as exclusive cocktail sponsor.

The African Banker Awards has, since its inception in 2007, sought to recognise and celebrate the exceptional individuals and organisations driving Africa’s rapidly transforming financial services sector.

The shortlist of nominees for the African Banker Awards 2025 was selected from over 200 entries submitted in nine categories by banks spread across the African continent. This year, two female bank executives have emerged as nominees for the prestigious “Banker of the Year” award, underlining the leading role women continue to play in shaping Africa’s banking and finance landscape.

Speaking on the awards, Omar Ben Yedder, Chair of the Awards committee commented on the increasing focus on SME, sustainable banking practices and the role of fintechs in the ecosystem. “Banks have performed strongly last year despite headwinds and currency devaluations in major countries. We also received entries in the deals category that shows that there are numerous transformative transactions taking place. And yet, the message remains. Interestingly, SMEs proved to be a profitable asset class and one that banks are paying greater attention to. The advent of AI and other technological advancements are at the centre of bank strategies too. The continent needs even bigger banks to support our growth agenda.”

The nominees for the African Banker Awards 2025 are as follows:

Bank of the Year

  • Commercial International Bank Egypt (CIB)
  • Ecobank
  • First Bank of Nigeria Limited
  • Kenya Commercial Bank (KCB Group Plc.)
  • Mauritius Commercial Bank (MCB Ltd.)
  • Trade and Development Bank Group (TDB Group)
  • Coris Bank International

Banker of the Year

  • Abdulmajid Mussa Nsekela – CRDB Bank Plc.
  • Jeremy Awori – Ecobank
  • Karim Awad – EFG Holding
  • Léon Konan Koffi – AFG Holding
  • Mukwandi Chibesakunda – Zanaco Inc.
  • Patricia Ojangole – Uganda Development Bank
  • Sidi Ould Tah – The Arab Bank for Economic Development in Africa (BADEA)

Sustainable Bank of the Year

  • Commercial International Bank Egypt (CIB)
  • CRDB Bank Plc.
  • Kenya Commercial Bank (KCB Group Plc.)
  • Nedbank
  • Trade and Development Bank Group (TDB Group)

Fintech of the Year

  • 4G Capital
  • Inclusivity Solutions
  • Network International
  • Oze
  • ProfitShare Partners
  • Valu

DFI of the year

  • African Export-Import Bank (Afreximbank)
  • African Trade Insurance Agency
  • Bank of Industry
  • Banque Ouest Africaine de Développement (BOAD)
  • ECOWAS Bank for Investment and Development (EBID)
  • Shelter Afrique Development Bank (ShafDB)
  • Trade and Development Bank Group (TDB Group)

SME Bank of the Year

  • Co-operative Bank of Kenya Ltd.
  • CRDB Bank Plc.
  • Ecobank
  • Standard Bank
  • Uganda Development Bank

Deal of the Year – Infrastructure

  • US$83.35 MM Al Zahy Group For General Contracting (Ahmed El Zzahy & Co.) – National Bank of Egypt
  • US$646.64 MM (ZAR 12 Billion) Envusa Energy – Absa Bank Ltd. / Rand Merchant Bank
  • US$1.9 Billion Kano Maradi Railway Project – African Finance Corporation / African Export-Import Bank (Afreximbank)
  • Project Platinum – US$200 MM Dividends Backed Capital Raise by BUA Industries Limited – Africa Finance Corporation
  • US$188.62 MM (ZAR 3.5 Billion) Scatec Mogobe Battery Energy Storage System – Standard Bank
  • US$1.04 Billion Suez 1.1 GW Wind Power Project in Egypt: Powering Africa’s Renewable Future – African Development Bank
  • US$1.20 Billion (ZAR 22.25 Billion) Mokolo Crocodile River Water Augmentation – Standard Bank

Deal of the Year – Debt

  • US$119 MM Green, Social and Sustainable Development Bond – ECOWAS Bank for Investment and Development (EBID)
  • US$2.05 Billion Bank of Industry – 2024 Facility – Afreximbank/Africa Finance Corporation/ Bank of Industry
  • US$394 MM ETC Group (Mauritius), Inaugural Sustainability Linked Loan (SLL) – Trade and Development Bank Group (TDB Group)
  • US$13 Billion Ghana’s Eurobond Debt Restructuring – Hogan Lovells
  • US$18 MM Letshego Holdings Namibia Limited Social Bond – Rand Merchant Bank (RMB)
  • Republic of Benin €507.5 facility – African Trade Insurance Agency
  • Sahara Group’s US$500 MM Debt Sub-Participation Financing – Africa Finance Corporation
  • US$ 590 MM – The Egyptian Chemical Industries Company (KIMA) – National Bank of Egypt

Deal of the Year – Equity

  • Aradel Holdings’ US$2 Billion Listing by Introduction on Nigerian Exchange Limited – Standard Bank
  • Boxer’s US$470 MM Initial Public Offering (IPO) – Standard Bank
  • FQM’s US$1.15 Billion Bought Deal on the Toronto Stock Exchange- Absa Bank Ltd.
  • Nigerian Breweries’ US$352 MM Rights Issue – Standard Bank
  • Renaissance Acquisition of Shell- US$2.4 Billion – PwC Nigeria
  • Boxer’s US$470 MM Initial Public Offering (IPO) – Absa Bank / Standard Bank

Distributed by African Media Agency. on behalf of IC Publications

About the African Banker Awards

The African Banker Awards are prestigious awards that celebrate excellence and best practices in banking and finance in Africa. These annual awards honour outstanding individuals and remarkable financial institutions that are transforming the continent’s financial sector and contributing to economic development and financial inclusion in Africa.

Organised by African Banker magazine in partnership with IC Events, the Awards bring together industry leaders from across the continent to honour innovation, resilience and competitiveness in the African banking sector.

For more information about the African Banker Awards, please visit our website at www.AfricanBankerAwards.com.

About African Banker

African Banker is a pan-African publication dedicated to the banking industry across the continent. African Banker provides in-depth analysis and commentary on the trends shaping Africa’s financial landscape.

As a trusted source of information, African Banker offers a unique perspective on the challenges and opportunities facing the African banking sector.

For any further information, please contact Constance Haasz at the following address: c.haasz@icpublications.com

Source : African Media Agency (AMA)

Nedbank Rolls Out New Core Banking System ‘Flexicube’

Paul Guta:Flexicube will enable the bank to introduce innovative product and service

Nedbank Malawi has unveiled a new core banking system called Flexicube, which has rolled Monday, June 12, 2017.

Nedbank Malawi, Managing Director Paul Guta says the installation of Flexicube will enable the bank to introduce innovative product and service.

The acquisition of the new banking system is part of Nedbank’s overall strategic intent to optimise and invest across Africa.

Nedbank Namibia, Swaziland and Lesotho successful implementation of Flexicube is what has inspired the Nebank Malawi to follow suit.

“The new banking system will allow Nedbank Malawi to introduce innovative product and service offerings such as, mobile banking, payments and money transfer capabilities,” stated Nedbank Director, Paul Guta.

Guta added “It will also enable us to offer simpler and more transparent pricing, meaning that bank charges will appear in real time reflecting as an individual item per transaction. With this, our clients will also be offered bundled options”.

He said the launch follows months of meticulous planning and extensive work behind the scenes to ensure a seamless transition.

The director hinted that the transition will be seamless as customers account numbers will not change. He said there will be no need for the bank’s customers to change their ATM cards and cheque books.

The implementation of the new system was the collaborative effort of Nedbank teams from South Africa and Malawi.