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Banking news in South Africa
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No news found.
South African banks must be applauded for their digital innovation efforts
In recent years, the digital achievements of South African banks have increasingly been recognised on the global stage, a feat which deserves applaud, writes Pierre Romagny, partner at Oliver Wyman i
07 February 2024
Banking appears to be the most popular sector in South Africa
South Africa’s banking sector has emerged as the economic segment with the most satisfied customers in the country, while municipalities have the least satisfied customers.
27 January 2020
Payments in South Africa are set to undergo remarkable changes
The payments landscape across South Africa is set to undergo a comprehensive transformation of sorts, through a combination of policy changes that align with government objectives and overall disrupt
29 July 2019
Analysis of how major banks in South Africa have performed last year
Following reports that the South African financial services firms ended last year with modest growth, new analysis from global professional services firm PwC has reported that the major banks in the
27 May 2019
Customer centricity is now the differentiating factor amongst South African banks
While regulatory and technological disruption have received much attention as the biggest challenges to the banking sector in South Africa, Quinton Pienaar of PwC South Africa believes that having a
15 April 2019
Capitec is the most popular bank amongst customers in South Africa
South African research and business performance consultancy Consulta has released the latest iteration of its South African Consumer Satisfaction Index (SACsi) for retail banks in the country.
29 March 2019
South Africa's major banks registered modest growth and diversification last year
Global professional services firm PwC has released its latest analysis of the forum Major Banks in South Africa – Absa, FirstRand, Nedbank and Standard Bank – and has found them amid stable growth an
26 March 2019
Increasing productivity is the way to go for financial services firms
As the financial services sector in South Africa looks to sketch a path to recovery following a period of sustained struggle, global professional services firm PwC has revealed that a focus on increa
25 February 2019
Big South African banks to face competition from smaller players
As South Africa’s banking sector makes its way towards digital transformation, Strategy& predicts that the country’s four biggest banks will have to contend with multifaceted disruption in the near f
07 December 2018
Standard Bank completes pilot of TCS Quartz blockchain technology
One of South Africa’s big four banking institutions, Standard Bank has completed a pilot with new blockchain technology by the name of Quartz, designed by Indian IT services giant Tata Consultancy Se
25 October 2018
After McKinsey, KPMG has now been dropped by Barclays South Africa
After three of South Africa’s major financial institutions terminated their contracts with McKinsey & Company in light of the Gupta scandal, a similar fate might be awaiting global accounting and adv
07 May 2018
South Africa's Big Four banks record growth in headline earnings
On the back of strong growth in the banking sector across Africa, South Africa registered growth in liquidity over the course of 2017, according to analysis conducted by global professional services
02 April 2018
South African Banking sector at lowest point since Global Financial Crisis
The slump in South Africa’s GDP has affected most sectors of the country’s economy, but perhaps none more so than the banking sector.
19 March 2018
Regulation, tech and digital innovation to disrupt South African banking
In light of digital disruption to the financial sector across the world, major banks in South Africa are stepping up their game to remain relevant and competitive.
20 December 2017
Nedbank becomes third major creditor to cut ties with McKinsey
Nedbank has become the latest in a line of major financial institutions in South Africa to disassociate itself from McKinsey & Company, following the infamous Gupta scandal that unfolded in the count
14 December 2017
Standard Bank and Barclays Africa drop McKinsey following scandal
In the latest chapter of the ongoing Gupta family saga in South Africa, both Barclays Africa (Absa) and Standard Bank have declared that they will no longer associate with McKinsey & Company, termina
01 November 2017
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