Old Mutual's Nedbank on course

Old Mutual said Nedbank Group, its majority-owned South African banking subsidiary, was on track to hit growth targets despite market conditions getting worse.

Old Mutual said Nedbank Group, its majority-owned South African banking subsidiary, was on track to hit growth targets despite market conditions getting worse.

The bank said net interest income for the nine months to the end of September 2012 grew by 9.2% to R14.5bn.

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