{"id":868544,"date":"2026-08-03T15:00:00","date_gmt":"2026-08-03T13:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=868544"},"modified":"2026-08-03T14:34:45","modified_gmt":"2026-08-03T12:34:45","slug":"end-of-an-era-for-nedbank","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/868544\/end-of-an-era-for-nedbank\/","title":{"rendered":"End of an era for Nedbank"},"content":{"rendered":"\n

Nedbank has announced the early retirement of its Group Chief Operating Officer, Mfundo Nkuhlu, and that his role will be discontinued. <\/p>\n\n\n\n

Nkuhlu has elected to take retirement at the end of the year, having reached the age of 60. He joined Nedbank in April 2004 as Managing Executive: Nedbank Africa. <\/p>\n\n\n\n

He subsequently served as Managing Executive of Corporate Banking and Nedbank Corporate. <\/p>\n\n\n\n

He was appointed COO and executive director of Nedbank Group and Nedbank Limited with effect from 1 January 2015.<\/p>\n\n\n\n

He will retire from his role on 31 December 2026, and the Group COO role will be discontinued. <\/p>\n\n\n\n

The responsibilities associated with the role will be reallocated within the existing Nedbank Group Executive Committee structure.

“During more than 22 years with the Nedbank Group, Mfundo has made a significant contribution to
the group’s strategy, operations and growth,” said Nedbank. <\/p>\n\n\n\n

“As COO, he has played a key role in strengthening the group’s operational capabilities, driving strategic execution and supporting the group through periods of significant change and transformation.” <\/p>\n\n\n\n

Outside of Nedbank, Mfundo also held several high-ranking roles, including Chairperson of the
Financial Sector Transformation Council. <\/p>\n\n\n\n

He was also a member of the Board Exco of the Banking Association of South Africa.<\/p>\n\n\n\n

Before joining Nedbank, he also held senior positions at the South African Revenue Service and the Department of Trade and Industry.<\/p>\n\n\n\n

The group thanked Mfundo for his service, leadership, and contributions over the past 22 years. <\/p>\n\n\n\n

Several companies in South Africa have recently cut their Chief Operating Officer role, with Eskom cutting the position following the departure of Jan Oberholzer in 2023. <\/p>\n\n\n\n

The SPAR Group also cut the role after Megan Pydigadu was moved from COO to the CFO role, with COO duties split across a new executive team.<\/p>\n\n\n

\n
\"\"<\/a>
Nedbank Chief Operating Officer Mfundo Nkuhlu <\/figcaption><\/figure><\/div>\n\n\n
\n","protected":false},"excerpt":{"rendered":"

Nedbank has announced the early retirement of its Group Chief Operating Officer, Mfundo Nkuhlu, with his role being discontinued. <\/p>\n","protected":false},"author":95,"featured_media":863006,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2084263273847734783","_sma_facebook_post_id":"191437357620492_2165539327599800","_sma_instagram_post_id":"17926490427389122","_sma_x_attempts":1,"footnotes":""},"categories":[961],"tags":[1799],"class_list":["post-868544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-nedbank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/868544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=868544"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/868544\/revisions"}],"predecessor-version":[{"id":868562,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/868544\/revisions\/868562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/863006"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=868544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=868544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=868544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}