09/08/2025
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
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
Total liabilities increased to 83.6 billion meticais (1.3 billion dollars)
09/04/2025
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
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
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
Last week, Capitec's market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank.
08/29/2025
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
The system currently has four preset plans that range from 3GB at R169/pm to R499 p/m at 20GB.
08/28/2025
South Africa’s biggest bank by customer numbers, Capitec has reported record profits for four straight years.
08/28/2025
After a soft launch earlier this year, the bank is now officially open to the public.
08/28/2025
According to BankservAfrica’s real take-home pay index, or BTPI, real incomes adjusted for inflation fell by 0.9%
08/26/2025
FNITCC serves as a bridge to close this gap.
08/26/2025
Particularly, income from loans and advances to customers dropped in the period compared to the previous year.
08/22/2025
The official transition is planned to begin in the next few weeks.
08/21/2025
The department had been courting the banks since April 2025 to join a new digital-first rollout of Smart ID and passport services to South Africans at large.
08/20/2025
The listings are part of the company’s larger GHS 500 million medium-term note program, a move designed to raise capital and offer new investment opportunities.
08/20/2025
The new CEO also intends to expand the bank's market presence across its 11 African countries.
08/19/2025
Absa Group has released its Q2 earnings.
08/19/2025
Analysts say Absa’s revenue mix mirrors Standard Bank, where continental operations are increasingly driving profitability.