Nedbank Zimbabwe completes strategic realignment

STAFF WRITER

Financial services provider Nedbank Zimbabwe Limited has completed a strategic realignment exercise designed to respond to changing business needs, resulting in a restructuring of its workforce, Business Times can report.

The process has affected 36 posts.

The development was confirmed by the lender’s senior management, who said the exercise was concluded on 13 February 2026 following a review of the institution’s organisational structure and workforce requirements.

“…the exercise ‘has been concluded’ effective 13 February 2026, following a review of its organisational structure and workforce requirements,” one senior manager told Business Times.

“The exercise affected 36 managerial roles and was undertaken in line with the Bank’s Strategic Workforce Plan to enhance operational efficiency, streamline processes, and align skills to current and future business needs.”

Another senior manager stressed that the move was not motivated by cost-cutting considerations.

“Affected employees were engaged through the required consultation processes, with separation packages aligned to statutory requirements. Professional counselling support has been made available to both affected and remaining staff. Nedbank Zimbabwe Limited remains focused on business continuity, client service, and long term sustainability.”