NDP privatisation gains steam

The Public Procurement and Asset Disposal Board (PPADB) announced yesterday that following a recommendation from Public Enterprises Evaluation and Privatisation Agency (PEEPA), the tender for the P4.4 million advisory services for NDB privatisation has been awarded to Nedbank Capital, a subsidiary of the Nedbank Group.

Nedbank provides seamless specialist advice, debt and equity raising and execution and trading capabilities in all the major South African business sectors. Its principal clients include the top 200 domestic corporates in South Africa, parastatals, leading financial institutions, non-South African multinational corporates and clients undertaking major infrastructure and mining projects in Africa, as well as emerging Black Economic Empowerment (BEE) consortiums.