Nedbank and Transnet Commercial Settlement
Johannesburg – 25 November 2025
Transnet and Nedbank have agreed a confidential commercial settlement of their ongoing litigation. The settlement is made without admission of liability and in the interests of avoiding lengthy and costly litigation and damage to their ongoing relationship.
Transnet and Nedbank stand by their respective previous statements in respect of their litigation. Transnet and Nedbank have a long-standing relationship, and the settlement of this litigation allows them to continue to develop this important relationship in the national interest and for the furtherance of the infrastructure investment and economic growth.
In terms of the settlement, Nedbank Group has agreed to pay Transnet an amount of R600 million. Nedbank’s payment to Transnet is made without admission of liability and in full and final settlement of the dispute.
Issued by:
Nedbank Integrated Communications
Email: nedbankmedia@nedbank.co.za
