End of an era for Nedbank

• Nedbank's Group Chief Operating Officer role will be discontinued at the end of 2026, with Mfundo Nkuhlu retiring after 22 years with the group.
• Mfundo Nkuhlu has held various senior positions within Nedbank, including Managing Executive: Nedbank Africa, and was appointed COO in 2015.
• The discontinuation of the COO role at Nedbank follows a trend of similar companies in South Africa, including Eskom and SPAR Group, cutting the position in recent years.