Nedbank introduces innovative solution to unlock growth for mid corporates

Johannesburg - Nedbank Commercial Banking has announced the launch of its dedicated Mid Corporate offering aimed at transforming how mid corporates access financial solutions with financial advisory and sector-specific expertise tailored to businesses critical to South Africa's economy. Nedbank Mid Corporate reaffirms the commitment to drive growth and innovation in an often-underserved segment of the market.

As South Africa's economic landscape evolves, mid corporates require tailored financial solutions to scale sustainably. Nedbank’s Mid Corporate proposition provides strategic financial advisory, helping businesses navigate regulatory complexities, access capital, and unlock new growth opportunities. South African mid corporates are generally either family-owned or unlisted, with an annual turnover of over R1 billion.

"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."

The offering is built on four key pillars: 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, 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.

Mark Rose, Executive Head: Strategy and New Business Development, Nedbank Commercial Banking, highlighted: "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 Mid Corp 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.

According to independent research by KPI Research, Nedbank Commercial Banking is rated first across key service and relationship attributes, reinforcing its position as the preferred banking partner for mid corporates. Clients commend Nedbank for its personalised service, efficient solutions, and ability to navigate complex business landscapes.

By integrating advanced data analytics and intellectual property-driven insights, Nedbank ensures that mid corporates have the necessary tools to enhance operational efficiency and drive long-term success.

The launch event, held in Sandton, 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.

"We want our Mid Corp clients to think bigger and achieve more. Nedbank is here to help them realise their ambitions through a holistic, client-centric approach," added de Kock.