MUST READ: Municipality banks with a new partner

Mayor, Makhosini Nkosi welcomes Nedbank as the new banking partner of Newcastle Municipality.

Newcastle Municipality recently changed over to Nedbank, which left many residents worried and confused as to the status of their personal accounts.

On July 6, the municipality held an open day to officially announce the change, and welcome Nedbank.

ALSO READ: Newcastle Municipality Account changes leaves residents confused

According to Mayor, Makhosini Nkosi, the municipality was very pleased to have Nedbank associated with it, as its new official banking service provider.

“We have changed the bank in line with the Municipal Finance Management Act, which states all services should be open to tender for various contracts. Nedbank was the best fit for our municipality at the time, and we are looking forward to working with them in the future,” he explained.

In a recent press statement, Edwin Naidu (Marketing and Communications for Nedbank), expressed his gratitude to the municipality for the opportunity, as well as to the residents of Newcastle for their patience.

“Nedbank Business Banking is proud to be appointed as the primary banking partner of Newcastle, the third-largest city in KwaZulu-Natal. This partnership, supported by Nedbank’s Whole-view Business Banking™ approach, will provide tailored business and financial solutions for the public sector in Newcastle, situated in the picturesque foothills of the Drakensberg, along the Ncandu River and one of the country’s main industrial centres,” he said.

Vika Ngcobo, Nedbank Public Sector Provincial Manager for KwaZulu-Natal, also expressed his gratitude on behalf of the Nedbank group, for Newcastle residents’ ongoing support through the years.

READ NOW: MUST READ: 1c Newcastle Municipal account remains a mystery

“Nedbank is a money expert with an understanding of the local municipality’s business, and will support the municipality through customised banking solutions and services, as we have been doing for the public for so many years. As a group, I believe Nedbank has cemented its relationship with the community of Newcastle through various public sector engagements and enterprise development workshops for emerging small businesses in the region. We will continue to provide the municipality and business community with customised banking solutions that will help take their businesses to the next level.”

The new municipal account details are as follows:

Bank name: Nedbank Limited

Account name: Newcastle Local Municipality

Account type: Current account

Branch code: 198765

Account number: 1162 66 0066

Reference: Municipal account number.

If you have queries or concerns about your municipal account, send an email with a copy of your ID document to: [email protected]

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  AUTHOR
F.C. Pelser

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