logo
  • Personal
  • Private
  • Business
  • Corporate
  • Group
  • Search Search
  • Country Country
  • Log in Log in
  • Nedbank Group
    Explore Nedbank Group About us Our heritage and timeline Our leadership Governance Our awards Sponsorships Contact us
  • Investor Relations
    Explore Investor Relations Nedbank NCBA transaction Equity Investors Debt Investors Investor calendar Results and Reports SENS announcements Shareholder meetings Frequently Asked Questions Contact us
  • Careers
    Explore Careers Our cultures and values Our People Promise Graduates and bursaries Apply for a job Contact us
  • News & Insights
    Explore News & Insights Economic insights Press room Contact us
  • Sustainability
    Explore Sustainability Our strategy Sustainable development finance Climate and nature Society and inclusion Our credentials Resource centre Contact us Transformation
logo
  • PERSONAL
    Personal Private Business Corporate Group
  • Search
  • Country
  • Log in
  • logo
    Back
    Principle 3: Strategy

     

    The governing body ensures that the organisation's purpose, strategy and business model support performance that creates sustainable value within the organisation's economic, social and environmental context.

     


     

    Exception declaration

     

    All the recommended practices in support of Principle 3 have been implemented.

     

    Specific disclosures

     

    (a) Disclosures in relation to organisational ethics:

     

    1. A high-level description of the organisation's purpose, its strategy and business model.

      The setting of strategic direction and support of holistic operational performance are the primary responsibilities of the board. The strategy development process identifies relevant factors across the operating context, risks, opportunities, financial performance, business model relevance and sustainable development matters, which are considered in terms of the group's purpose, vision, targets, medium- and long-term goals, and underlying corporate values for annual board approval.

      The board delegates the formulation and management of strategy and execution to management. The board-approved Strategy Risk Principles Policy addresses the risk principles to be considered in the development of strategy. The policy is considered and approved by the Group Directors' Affairs Committee (Group DAC) and the board through the annual review of the Nedbank Group Limited Enterprisewide Risk Management Framework (ERMF).

      The board ensures that a robust strategy process is defined and executed. The strategy planning timetable entails detailed business planning at business unit and Group Exco level and a strategy review by the board that culminate in final approval of the strategy framework by the board in August and the final approval of the group business plan in November (by both Group Exco and the board). Nedbank has a rolling 3-year planning window that is focused on value creation and underpinned by strategic choices and goals that consider the economy, society and environment, as well as the broader operating context. Management initiates the strategy review and business planning process in January with Group Exco.


      The major macro trends in our operating environment are identified by analysing political, macroeconomic, social, competitive, technological, regulatory and environmental drivers. The effect of these trends on our client base and strategic objectives is assessed. Continued engagement with material internal and external stakeholders takes place and their needs and expectations are considered. Stakeholders include employees, clients, shareholders, regulators and communities. This process assists in highlighting whether any changes are required to any of Nedbank's material matters – i.e. the issues that have the most impact on our ability to create value, with both opportunities and risks looked at to ensure that the strategy remains contextually relevant. Risks and opportunities arising from the material matters are identified and their impact on the short-, medium- and long-term strategies is assessed. The material matters are also considered in the context of Nedbank's purpose, vision, targets and long-term goals. This continual scanning and review process ensures that we are staying close to changes in the operating environment, enabling us to proactively review our strategic choices should there be significant changes in the material matters.

      The outcome of this analysis assists in assessing the appropriateness of the current strategy and further informs any new strategic focus areas for the business planning window, which spans the following 3 years.

      For more information regarding our strategy, please refer to the section titled 'Sustainable value creation through our strategy' in our 2025 Integrated Report.

     

    tooltip text tooltip text
    Scroll to top
    NEDBANK GROUP
    Legal

    About us

    Careers

    Investor relations

    News & insights

    Nedbank suppliers

    Code of banking practice

    FAIS Conflict of interest

    FICA

    PAIA

    Privacy Notice

    Terms and conditions

    NEDBANK GROUP

    About us

    Careers

    Investor relations

    News & insights

    Nedbank suppliers

    Legal

    Code of banking practice

    FAIS Conflict of interest

    FICA

    PAIA

    Privacy Notice

    Terms and conditions

    nedbank

    Nedbank Ltd Reg No 1951/000009/06. Licensed financial services provider (FSP9363) and registered credit provider (NCRCP16).

    • facebook
    • linkedin
    • instagram
    • YouTube
    • X
    nedbank cookie
    We use cookies to improve your experience.

    Manage cookie preferences

    1. Consent
    2. Cookie notice
    3. About

    Cookies improve the functionality of our website and your experience across our online channels. You can find out more about the cookies we use and manage your preferences here.

    You can opt-out of selected cookies using the toggles below and click Confirm to save your preferences.

    By clicking Accept all you consent to our use of cookies.

    Strictly necessary cookies (always-on)
    These cookies are necessary for our website to function. They can be disabled only by changing your browser preferences. Please note that disabling them may prevent this website or specific features from functioning or being displayed correctly on your device.
    Personalisation cookies (always-on)
    These cookies help us remember your preferences and tailor your experience on our website, so we can show you more relevant content and features, such as location and language preferences. We do not track your internet usage after you have left our website.
    Performance cookies

    These cookies collect anonymous information about how you use our website to help us improve its performance without collecting personal information.

    These temporary session cookies are active only while you browse our website. They remember your activity during a session and are deleted when you leave our website.

    Marketing cookies

    These cookies help us show you advertisements that are relevant to you and measure the effectiveness of our advertising campaigns based on your interactions with these advertisements.

    They remain on your device until they expire or you delete them. They remember your preferences across visits.

    Cookies improve the functionality of our website and your experience across our online channels. They help us identify which pages are used most often and analyse webpage traffic. We use this information for statistical analysis only and remove it from our system. We do not record your internet usage after you have left our website.

    Cookies are very small text files that may be stored on your computer or mobile device when you visit a website. You can manage your cookie settings in your internet browser. Most web and mobile browsers automatically accept them, but you can modify your browser settings to manage them. However, this may prevent you from taking full advantage of our website experience. Your cookie settings will also affect other websites you visit.

    Please read our Privacy Notice to learn how to manage cookie preferences in your browser.

    By clicking Accept all you consent to our use of cookies.