South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920.
First National Bank and Capitec have tied for the title of South Africa’s best digital bank in research agency Columinate | Insight Consulting’s latest SITEisfaction survey.
The country’s big four traditional banks – Absa, FNB, Nedbank and Standard Bank – have together shut 695 branches since their respective peaks in the earlier part of this decade.
An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.
From free burgers and ride-hailing services to hip-hop concerts and discounted petrol: South African banks are going all out to win customers as competition hots up.
Absa Group has successfully migrated its banking platform, used by its subsidiaries, from the UK, where it was run by Barclays, to South Africa.
A South African company embroiled in allegations that it paid millions of rand a month in bribes to secure government contracts is facing collapse.