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Nedbank Acquires iKhokha for 1.65billion

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We spoke to Shepard Mphambela, CEO of Bantima IT, on Power Perspective with Thabiso Tema about Nedbank’s R1.65 billion acquisition of fintech startup iKhokha. The deal marks a major shift as one of SA’s oldest banks embraces innovation by integrating a Durban-born startup focused on empowering SMEs. Mphambela unpacked what this means for the future of digital banking, fintech growth, and SME access to financial tools in South Africa.

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