Nedbank Private Wealth and Nedbank Corporate and Investment Banking Partner with Concours South Africa to sponsor exclusive classic car event
The second Concours South Africa event will take place from 3 to 6 August at Sun City
Last year, for the first time, Concours South Africa hosted a classic car event where they showcased and appraised the most prized collector’s cars. This year, Concours South Africa will once again bring together the finest classic, luxury and sports cars from pre-war vintage to the modern era. This is a replication of the Concours d’Elegance, which started in 17th century France, when the aristocracy would parade their horse-drawn carriages through the parks of Paris. Over time, with the advent of the car, it evolved into a competition, with cars judged for their beauty and elegance. The judging for this year’s event will take place on 5 and 6 August. Cars are judged on the quality of presentation, historical accuracy, technical merit and style.
Nedbank Private Wealth and Nedbank Corporate and Investment Banking are proud sponsors of the event
Nedbank Private Wealth and Nedbank Corporate and Investment Banking, both divisions of the Nedbank Group, will partner with Concours South Africa at this exclusive event, showing their support of the classic car market as a unique investment proposition.
‘We are dedicated to using our expertise for our clients’ good, to help them prosper in a way that meets their definition of prosperity’, says Sheldon Halcrow, Head: Central Region at Nedbank Private Wealth. ‘By partnering with Concours South Africa, we’re delighted that we are reaching out to our clients in an event that is unique in the South African market.’
The event includes an international conference on value in the classic car market on 4 August
This year’s event will include a first-of-its-kind Historic Automobile Group International (HAGI®) Value in the Classic Car Market conference on Friday 4 August. This one-day conference will address everything investors, collectors and enthusiasts need to know about investing in rare, historic and classic cars in a South African context. Local and international experts will share their advice on the cost and value of restoration, the psychology of collecting, whether supercars are collectible, and the art and preservation of cars.
HAGI® researchers are thought leaders in the classic car sphere. They analyse all aspects of the classic car and related markets, and collect transaction data on a daily basis. ‘Such a comprehensive, considered approach is something we strongly associate with – as a leading wealth manager we have a firm belief in the value of specialist expertise, dedicated research and a rigorous approach’, adds Halcrow.
Notes to editors
About Nedbank Corporate and Investment Banking (CIB)
Nedbank CIB is the corporate and investment banking business of the Nedbank Group, delivering a full spectrum of commodity-based financing, international investment and transactional solutions to a diverse client base across Africa. The scope of investment banking stretches from debt advisory and long-term project financing to equity trading and investment, as well as research.
Nedbank CIB manages the Group’s structuring, lending, underwriting, custodial and trading businesses. The offering includes vanilla and specialised funding, such as aircraft finance, to sector-specific solutions for the energy, infrastructure, mining and resources, oil and gas, and telecommunications sectors.
About Nedbank Private Wealth
Nedbank Private Wealth is the high-net-worth wealth management division of the Nedbank Group and a leader in integrated wealth management services in South Africa. It is one of the largest wealth management businesses in the country, with a rich heritage dating back to 1834. They have offices in South Africa, the United Kingdom, the United Arab Emirates, Jersey, Guernsey and the Isle of Man.
The business is uniquely structured to fulfil the local and international needs of high-net-worth clients. This is achieved by providing specialist advice and an integrated wealth management framework that includes banking, investment, stockbroking, international, fiduciary (estate and tax planning), philanthropy and insurance products and services.
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