Big banks in South Africa closing branches and ATMs
Only one bank is expanding its ATM network in South Africa, and only two are growing their branch footprints.
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Only one bank is expanding its ATM network in South Africa, and only two are growing their branch footprints.
The share price performances of South Africa’s largest banks have varied drastically over the last year, with Capitec clearly on top.
All of South Africa’s traditional banks have decreased their ATM footprint over the past five years — with one exception.
Motorists in two South African provinces pay more to renew their licence discs than those in any of the country’s seven other provinces.
Gold and platinum miners have been favoured, and lending growth has been poor – we need to see consumers spending and corporates borrowing, but there hasn’t been the right level of job creation yet: Kokkie Kooyman of Denker Capital.
The latest media sentiment report released by Press Pulse shows that Capitec and Standard Bank top the rankings, followed by FNB, Absa, and Nedbank.
Capitec Connect is rewriting the rules of mobile connectivity in South Africa.
Capitec Connect is rewriting the rules of mobile connectivity in South Africa.
Only one major traditional bank in South Africa is still expanding its ATM footprint, while the rest have closed thousands of cash machines nationwide.