By Larry Claasen
SOUTH Africa’s mid sized corporates will now get a specialised offering from Nedbank Commercial Banking.
The launch event, for the new offering was held in Sandton in February, and brought together Mid-Corporates, key industry stakeholders, business leaders, and Nedbank executives to discuss the economic landscape, market trends, and the role of financial institutions in supporting the growth ambitions of Mid-Corporates and their commercial banking needs.
Nedbank says it came up with the offering because of the needs of Mid-Corporates, which it describes as sizable enterprises that are generally family-owned or unlisted, and have an annual turnover of over R1-billion, and are more niche than most realise. This means they need services and products that are beyond that of business banking, but are not provided by corporate banking.
Though they are large businesses, many of them do not have the internal skill sets that large corporations have to deal with changes they have to implement to drive growth.
This is why Nedbank came up this a Mid-Corporate proposition to provide strategic financial advisory, helping businesses navigate regulatory complexities, access capital, and unlock new growth opportunities
“Mid-Corporates are the backbone of our economy yet often face a complex banking landscape that doesn’t fully cater to their specific requirements. Nedbank Mid Corp was created to change that,” said Herman de Kock, executive: mid corporate coverage for commercial banking.
“Our bespoke solutions, relationship expertise, and deep industry insights ensure that mid corporates receive the financial support and strategic guidance they need to thrive.”
Nedbank’s offering is built on four key pillars, which are customised financial solutions, industry-specific expertise, relationship-driven banking and advisory services, as well as technology-enabled services. It provides businesses with flexible credit facilities, working capital solutions and growth capital structuring, to support sustainable growth. Importantly, it aligns with Nedbank’s broader commitment to sustainability, incorporating Environmental, Social, and Governance (ESG) principles into its approach.
De Kock gives the example of how a business might not have ESG skills internally, but can now tap into Nedbank’s offering to implement changes in the organisation.
The new offering can also be used in cases like a merger and acquisition. Large corporations have these skills internally but a family owned business likely does not, so can turn to Nedbank to help them through such deals.
This offering will put these businesses onto a higher growth path says Mark Rose, executive head: strategy and new business development, Nedbank commercial banking.
“With Mid Corp, we’re not just providing financing, we’re unlocking growth potential. Our high-touch dedicated banking model and deep industry expertise position Nedbank as a long-term partner, helping businesses scale with confidence in an unpredictable economy.”
Nedbank says its Mid-Corporate offering leverages a dedicated team of specialists with extensive experience across sectors such as agriculture, manufacturing, retail, and professional services.
By maintaining low banker-to-client ratios, augmented by a team specialising in financing, treasury management, global and domestic trade, and digital banking services, the division ensures meaningful engagement and a holistic approach in servicing and solutioning for the distinctive needs of Mid-Corporates, it says.
