Chairman's statement

With the macroeconomy and its prospects now in positive territory, new challenges have to be met. South Africa needs to harness these new factors in the way that mining development and activity drove the economy in decades past.

Review of 2005

This review summarises the key achievements and activities of the Nedbank Group during 2005. These issues are all covered in further detail in the Chairman's statement, the Chief Executive's report, the Chief Financial Officer's report and the operational and divisional reports.

Annual general meeting

To be held on Thursday, 4 May 2006 at 16:00

Chief Executive's report

The real achievement of 2005 was the sheer amount that got done while delivering the improved financial performance. The group's primary focus is now on improving client service and maintaining or regaining market share.

Chief Financial Officer's report

The focus of the Finance Division during 2005 was on further improving internal measurement systems, together with more disciplined reporting, budgeting and forecasting processes. The resulting financial reporting has enabled clearer planning and accountability, while facilitating reward systems that promote behaviour more appropriately aligned with the creation of shareholder value in line with the group's long-term strategies.