The ongoing interest rate reductions are welcome and, enhanced by
the benefits of the recent Old Mutual demutualisation and listing,
we anticipate a positive effect on our client base. Stringent cost
control remains a key focus. The major technological developments
initiated in prior years have positioned the group well for future
growth. These factors should contribute to the present positive results
continuing for the remainder of the year.
Nedcor's primary challenge is to continue achieving business efficiencies
and improved profitability, enabling investment for the future which
results in extended client and product reach, improved client service
and the expansion of our franchise into the new millennium.