Nedbank appointed as Nando’s borrowing banking partner Terence Sibiya Nedbank has deepened its relationship as primary banker to Nando's through its appointment as borrowing banking partner to the restaurant chain, providing a one-stop banking solution for the company.  Terence Sibiya, Nedbank Corporate and Investment Bank Executive Head of Relationship Management and Coverage, says 'In addition to the services we have offered Nando's over the past decade, we have recently granted a R320 million borrowing facility to the company, enabling it to capitalise further on its already successful strategy and achieve its ambitious growth plans.' One of South Africa's biggest home-grown success stories, Nando's was established in 1987 and now operates from more than 1 000 outlets in 30 countries worldwide. It has recently recorded huge growth in the North American market, with sales there having increased by nearly 40% in 2013.  Geoff Whyte, Southern Africa...