Banking Services In South Africa

Banking Services mean each and any of the following bank services: commercial credit cards, stored value cards, purchasing cards, treasury management services, netting services, overdraft protection, check drawing services, automated payment services (including depository, overdraft, controlled disbursement, ACH .

Banking Services In South Africa

The four biggest banking groups in South Africa are Standard Bank Group, FirstRand Ltd (which operates First National Bank), Absa Group, and Nedbank Group.

These four banking groups provide more than 80% of banking services in South Africa. National banks have branches across South Africa.

South Africa is home to the region’s largest stock exchange, the Johannesburg Stock Exchange, which offers a relatively comprehensive range of investment options such as equities, derivatives, and bonds.

Although the Johannesburg Stock Exchange now has competition from four smaller exchanges in South Africa, as well as from other regional players, it remains among the world’s top 20 stock exchanges. High regulatory costs and limited capital inflows have resulted in fewer new listings since the country’s revamped financial regulatory regime came into place in 2024.

Providing expert analysis, independent forecasts, and competitive intelligence on the banking and financial services industry.

Report includes: Fitch Solutions’ Industry View, Industry SWOT Analysis, Banking, Insurance, Asset Management, Stock Exchanges and a Macroeconomic Overview.

Why you should buy this report

Benefit from the latest market opportunities

Understand the threats to your operations and investments and protect your company against future risks

Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market

Get a full view of the competitive landscape to assess your market position

The South Africa Banking & Financial Services Report has been researched at source and features Fitch Solutions’ independent assessment and forecasts for the banking and financial services sector. It examines key drivers of growth and future prospects, including the macroeconomic situation, the level of development and potential for growth of the sector, the commercial initiatives of major players, government policy and the regulatory environment.

Proprietary Fitch Solutions forecasts cover the finance sector’s contribution to the economy, banking assets and liabilities, and the life and non-life insurance sectors, while our macroeconomic forecasts for the country are also included. Leading companies are analyzed, with key performance indicators for major banks covering asset quality, earnings and profitability, capital and leverage, and funding and liquidity, as well as premiums written for insurance companies.

Fitch Solutions’ South Africa Banking & Financial Services Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the banking and financial services industry.

Key Benefits

Benchmark Fitch Solutions’ independent banking and financial services industry forecasts to test other views – a key input for successful budgeting and strategic business planning in the financial services market.

Target business opportunities and risks through our reviews of latest industry trends, regulatory changes, and major deals, investments and macroeconomic developments.

Exploit latest competitive intelligence on your competitors, partners and clients via our Competitive Landscape Analysis.

What are the 5 most important banking services In South Africa?

The 5 most important banking services are checking and savings accounts, loan and mortgage services, wealth management, providing Credit and Debit Cards, Overdraft services.

What are 5 services available at banks In South Africa?

Individual Banking—Banks typically offer a variety of services to assist individuals in managing their finances, including:

Checking accounts.

Savings accounts.

Debit & credit cards.

Insurance*

Wealth management.

What are 4 common services a retail bank provides In South Africa?

Retail banking, also known as consumer banking, refers to the services banks provide to individual customers. Common retail banking services include checking and savings accounts, mortgages, credit cards, and auto loans.

What products do banks offer In South Africa?

SA banks help people manage their finances. They look after money held in bank accounts, provide loans to people who need to borrow, and handle millions of customer transactions each day. These include in store and online spending, bills payments, wages and benefits, and high street cash machine withdrawals.