09/19/2025
KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo SEZ
Under the agreement, Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative.
Retail Banking
09/15/2025
Jaiz Bank wins global honour as most progressive Islamic bank
He dedicated the award to the staff, customers, and stakeholders of the bank.
09/15/2025
EBANX launches integration with Capitec Pay, enabling open banking for cross-border e-commerce in South Africa
The partnership introduces real-time, account-to-account payments to cross-border e-commerce through South Africa's leading digital bank
09/12/2025
FirstRand takes selective approach as Africa expansion heats up
International banks pulling back from Africa leave space for local groups like FirstRand to expand.
09/12/2025
FirstRand deserves highest rating of the big four
Independent analyst Carmen Mpelwane unpacks FirstRand and Discovery results – one the market loved, the other it hated.
09/11/2025
Standard Bank named one of the World’s Most Trusted Companies by Newsweek
Thousands of companies were assessed, with only one thousand making the final list.
09/09/2025
UBA extends N157bn rights issue deadline as recapitalisation race heats up
UBA said the extension was designed to provide shareholders with additional time to fully exercise their rights and participate in the rights issue,” which involves 3.16 billion ordinary shares of 50 kobo each priced at N50 per share.
09/08/2025
B20 South Africa | Absa group executive weighs in ahead of summit
This marks the first time the B20 process has been hosted on African soil, and places South Africa at the centre of global dialogue on inclusive growth and sustainable development.
09/08/2025
Zenith Bank targets Francophone Africa with Ivory Coast push after capital boost
The move marks the lender’s most ambitious cross-border push in more than a decade and reflects growing competition among Nigeria’s largest banks to capture market share in Francophone Africa
09/04/2025
South Africa's Nedbank sells Ecobank stake for $100m
Jason Quinn, group CEO of Nedbank, explains that the move aligns with the group's effort to "optimise its capital allocation and focus on core growth areas".
09/04/2025
Absa Bank Mozambique Profit Falls to 13 Million Dollars in Six Months
Total liabilities increased to 83.6 billion meticais (1.3 billion dollars)
09/04/2025
The 6 largest banks in South Africa
While South Africa contributes only six banks to the list of the top 100 in the Southern Africa region, they’ve dominated regional banking for years.
09/03/2025
Absa : Announces Strategic Executive Leadership Appointments and Changes to Accelerate Pan-African Growth and Customer-Centric Focus
By reorganising through a Pan-African purview, Absa will be streamlining its operations, simplifying organisational designs and structures, and leveraging data and technology better to deliver enhanced value to customers.
09/03/2025
South Africa’s biggest retailer opening even more stores across the country
Its core Supermarkets RSA segment saw Shoprite and Usave’s turnover increase by 5.9%, equating to sales growth of R6.5 billion from a substantial base of R110.1 billion.
09/02/2025
Capitec Bank loses its crown as Africa’s most valuable bank. Here’s the new ranking
Last week, Capitec's market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank.
08/29/2025
Nedbank Commercial delivers banking that builds businesses
With our data and models we can anticipate what a client might need next and reach out first, says the bank’s Mark Rose.
08/29/2025
South Africa has a new mobile operator
The system currently has four preset plans that range from 3GB at R169/pm to R499 p/m at 20GB.
08/28/2025
Capitec is now the most valuable bank in Africa
South Africa’s biggest bank by customer numbers, Capitec has reported record profits for four straight years.
08/28/2025
New bank taking on Capitec officially launches in South Africa
After a soft launch earlier this year, the bank is now officially open to the public.
08/28/2025
Hammer blow to salaries in South Africa
According to BankservAfrica’s real take-home pay index, or BTPI, real incomes adjusted for inflation fell by 0.9%