
South Africa: Nedbank Private Wealth launches NexLegacy initiatives to tackle the wealth transfer challenge
Nedbank Private Wealth is now addressing this issue with the launch of its NexLegacy initiative – an innovative approach designed to teach children* from affluent families how to build, protect, and grow wealth throughout their lives.
NexLegacy is an interactive learning experience designed to introduce children aged between 7 and 18 years old to basic financial concepts in a fun and engaging way. NexLegacy aims to transform the way the next generation understands wealth planning and education through interactive challenges, practical tasks, and mentorship – all designed to turn banking and investment concepts into real-life skills. According to Bodibe Sebolai, head of client value proposition at Nedbank Private Wealth, children attending NexLegacy initiatives won't just learn how to budget; they'll gain first-hand experience in setting goals, and the value of tracking savings, and understanding how interest works. They will also learn the difference between growing and preserving wealth, and why the latter is crucial for maintaining wealth over time.
"NexLegacy is about equipping the next generation with the tools and mindset to be more than beneficiaries," Sebolai says. "It's about helping them step into their future roles as custodians of their family's legacy with confidence."
Recently, Nedbank Private Wealth hosted its first NexLegacy cohort for children between the ages of 7 and 12, bringing together selected clients and their children for a one-of-a-kind, curated day of discovery, learning, and growth. And it's just the beginning. With NexLegacy, Nedbank Private Wealth is setting a new benchmark for how banks support families, not just with products but with purpose. "This is more than a camp; it's a strategic intervention," Sebolai concludes, "designed to build habits early and create a new generation of wealth stewards who are ready to lead."
The initiative formed the first major launch event under the broader family offering proposition and NexLegacy will evolve to support young people through various life stages – from childhood to adulthood. The programme is set to continue as an annual series, reinforcing the long-term value of early financial education. This approach reflects Nedbank Private Wealth's belief that wealth planning stewardship should start young, not just with a conversation, but with action. By introducing these concepts in an age-appropriate way through games, stories, and interactive simulations, children gain financial knowledge and develop good money habits long before they inherit assets.
For parents, NexLegacy represents more than a fun day out for the kids. It's an investment in their children's future, rooted in the understanding that wealth without knowledge is fleeting. The programme draws directly from Nedbank Private Wealth's broader family banking philosophy, which is built on the understanding that wealth planning works best when it includes the whole family. From strategic succession planning, the bank helps clients manage their wealth as a unit, building a financial legacy that's robust and resilient.
"Our clients have told us they want to do more than preserve wealth; they want to prepare their children to manage it responsibly," says Sebolai. "NexLegacy helps them bridge that gap in a way that's memorable, practical, and deeply relevant."
Unlike generic financial education efforts, NexLegacy is designed specifically for high-net-worth families who want to ensure that the next generation is not just financially literate, but also financially confident. It brings the bank's most experienced wealth specialists into the learning process and aligns seamlessly with core banking, investment, and planning services. By delivering this experience through a combination of digital tools and real-world events, Nedbank Private Wealth ensures that wealth education is not an afterthought, but a foundational offering.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Zawya
2 hours ago
- Zawya
Workshop on Documentation and Distribution of Vegetable Seeds
The Ministry of Agriculture organized a workshop to discuss a draft resolution aimed at documenting and distribution of vegetable seeds developed at agricultural research centers and those entering the country through various means. The seminar was attended by Ministry staff from all regions and agricultural experts. Mr. Tekleab Misgina, Director General of Regulatory Services at the Ministry of Agriculture, stated that the national committee established in 2024 to regulate the distribution and quality of various crops, cereals, and oil seeds has commenced its activities by developing a guideline to support its operations. In the first half of 2025, a guideline to regulate potato seed quality was prepared, and regulations for vegetable seed quality have been finalized. Mr. Tekleab added that both domestically improved and imported vegetable seeds will be assessed through specific quality measures, documented, and issued certificates before being distributed to farmers. At the workshop, participants discussed papers on the importance of documentation and regulation of vegetable seeds, and the significance of adhering to established guidelines and regulations. Extensive discussions followed the presentations. Distributed by APO Group on behalf of Ministry of Information, Eritrea.

Zawya
6 hours ago
- Zawya
President El-Sisi Follows Up on Latest Developments in Industrial Projects
Today, President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, lieutenant General Kamel El-Wazir, Minister of Investment and Foreign Trade Engineer Hassan El-Khatib, Minister of Petroleum and Mineral Resources Engineer Karim Badawi, and CEO of the Environmental Affairs Agency Dr. Ali Hamid. The Spokesman for the Presidency, Ambassador Mohamed El-Shenawy, said that during the meeting, the President reviewed the latest developments regarding the implementation of industrial projects, the provision of necessary raw materials for industrial operations, means for securing the required financing, and efforts to establish partnerships with major international specialized companies, in addition to plans for marketing the products both locally and globally. The President emphasized the importance of petrochemical and mining industries implemented by the Ministry of Petroleum and Mineral Resources, given their role in maximizing the added value of Egypt's natural and mineral resources, meeting domestic market needs, exporting to international markets, and therefore contributing to the expansion of related industries. These efforts shall create job opportunities and boost returns for the national economy. President El-Sisi underscored the importance of accelerating the localization of related industries in Egypt and attracting investment to this vital sector. Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt. Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an 'as is' and 'as available' basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

Zawya
6 hours ago
- Zawya
Minister of Planning, Economic Development, and International Cooperation Discusses Future Economic, Trade, and Investment Relations with British Minister for International Development Between The Two Countries
H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, held a discussion session with Baroness Jenny Chapman, UK Minister of State for International Development, during the G20 Development Ministers' Meeting in South Africa. The meetings witnessed extensive discussions on the future of economic, trade, and investment relations between the two countries in light of their close partnership, as well as joint coordination in international forums to advance efforts to restructure the global financial system and review proposed efforts to restructure the working mechanisms of the United Nations, as well as discussing the outcomes of the 4th International Conference on Financing for Development in Seville. During the meeting, both sides expressed their anticipation of the upcoming visit to Cairo announced by the UK Prime Minister's Office, which will represent a qualitative shift in bilateral Egyptian-British relations, elevating them to a strategic partnership level, in addition to its role in opening up avenues for cooperation across various levels between the two sides. It is also an extension of the strategic partnership between Egypt and the European Union, which was announced in 2024. During the meeting, the two ministers agreed on the need to activate the recommendations issued by various international forums to restructure the global financial system, ensuring a more efficient and fair financial architecture, especially for developing countries, achieving greater transparency in financing mechanisms, and expanding concessional financing. They also discussed proposals for restructuring the working mechanisms of the United Nations system to make it more influential in the global economy, emphasizing the need to adopt comprehensive coordination and follow-up mechanisms to ensure sustainability and enhance national participation in UN efforts. The meeting witnessed extensive discussions on various aspects of the partnership between the Arab Republic of Egypt and the United Kingdom, particularly in terms of trade exchange, British investments in Egypt, economic relations, and development cooperation. H.E. Dr. Al-Mashat reaffirmed Egypt's keenness to develop these relations and build on the pioneering results achieved over the past years, particularly in food security, support for start-ups, and small and medium enterprises. The two sides reviewed frameworks for bilateral cooperation in the field of development finance, the UK's contribution to financing development policies through the World Bank, as well as the role of UK Export Finance (UKEF) which supports project financing in Egypt, and the financing mechanisms provided by British International Investment (BII), which considers Egypt one of its priority markets. In this context, the Minister of Planning, Economic Development and International Cooperation reviewed preparations for launching the 'National Narrative for Economic Development,' which is an executive program to promote structural transformation in the Egyptian economy toward tradable sectors, encourage foreign direct investment, industrial development, and support labor market and employment. H.E. noted that since March 2024, the government has implemented economic and structural reforms that have contributed to macroeconomic stability and created a favorable investment climate and business environment. The two sides also discussed close cooperation within the framework of the Egyptian National Platform for Green Projects, the 'NWFE' program, which focuses on linking water, food, and energy nexus, particularly through BII and its financing to support energy and green hydrogen projects. In addition to the UK's role in providing support and assistance to global climate funds, represented by the Climate Investment Funds (CIF) and the Green Climate Fund (GCF). Additionally, the meeting highlighted the launch of the 'Green Growth: Egypt–UK' campaign in June 2025, which will continue until COP30 Climate Conference to accelerate green economy partnerships. Given that the UK is one of the largest investors in Egypt in sectors in the energy, telecommunications, pharmaceuticals, and consumer goods, and in light of the Memorandum of Understanding signed in 2024 between the Egyptian General Authority for Investment and Free Zones (GAFI) and UKEF to strengthen investment relations, the two ministers explored the significant role of the Egyptian-British Business Association (BEBA) and the Egyptian-British Chamber of Commerce (EBCC) in connecting companies, facilitating investment, and enhancing trade exchange between the two countries. For her part, the British Minister emphasized the diverse historical relations between the two countries, which share close ties and cooperation across various fields. H.E. also praised Egypt's significant efforts in addressing the humanitarian crisis facing Palestinians in Gaza and the role of the Egyptian leadership in delivering humanitarian aid to the Strip, affirming her country's full support for these efforts. She expressed her hope for reaching an immediate and sustainable ceasefire that would allow safe and regular delivery of aid. Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation - Egypt.