The Banking Industry in South Africa 2018

  • ID: 4616778
  • Report
  • Region: Africa, South Africa
  • 531 pages
  • Who Owns Whom
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FEATURED COMPANIES

  • Absa Bank Ltd
  • Bidvest Bank Ltd
  • Comair Ltd
  • Fundi Capital (Pty) Ltd
  • JPMorgan Chase Bank N.A.
  • Phakamani Foundation
  • MORE
The South African Banking Sector: The South African banking sector which has total assets of R5.14-trillion, remains highly concentrated with the five largest banks holding 91% of total assets as of 31 December 2017. While the country’s big banks dominate, the sector is also diversified with 36 South African banking institutions registered with the Reserve Bank and 30 foreign banks with approved representative offices in South Africa. There are over 6,000 credit providers registered with the National Credit Regulator.

Sector Disruption and Competition: The banking landscape is changing rapidly as banks face increasing competition from technology-based financial services - from newly established banks to retailers offering mobile transactional banking accounts. Competition coming from newly-licensed commercial banks and growing credit granting from other credit providers is likely to encourage the big four banks to place increasing emphasis on growing customer numbers with innovative product offerings, especially to attract lower-income earners. Competition from newly established Discovery Bank, Bank Zero and TymeDigital, which aim to disrupt the sector, may force big banks to intensify efforts to modernise technology platforms to satisfy customers’ demand.

Challenges: While the resignation of Jacob Zuma as president and his succession by Cyril Ramaphosa resulted in the hope for political and economic stability and policy certainty, the issue of land expropriation without compensation has resulted in some pressure on the banking sector. In addition to agricultural land bonds, banks also provide extensive loans to the agricultural sector hedged against crop yields and other assets. Bank exposure to struggling state-owned entities and troubled companies like Steinhoff International have also weighed heavily on the sector, which has nevertheless retained its ability to cope with challenging economic conditions.

Report Coverage: As well as focusing on developments in the commercial banking sector, the detailed Banking Industry report includes information on Other Credit Granting, Lease Financing, and Loyalty and Reward Programmes. The report includes details on 90 organisations, fintech, digital banking, cryptocurrencies and other new technologies influencing the sector, as well as recent corporate actions and developments such as the demise of VBS Bank and the Competition Commission’s ongoing investigation into 17 banks relating to price fixing and market allocation in the trading of foreign currency. It includes details on the restructuring of overseas shareholdings in local commercial banks, resulting in the reorganisation of the Old Mutual Group and sell-down by Barclays of its stake in Barclays Africa with implications for two of the big banks, Nedbank and Absa.
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FEATURED COMPANIES

  • Absa Bank Ltd
  • Bidvest Bank Ltd
  • Comair Ltd
  • Fundi Capital (Pty) Ltd
  • JPMorgan Chase Bank N.A.
  • Phakamani Foundation
  • MORE
1. Introduction

2. Description Of The Industry
2.1. Industry Value Chain
2.2. Geographic Position

3. Size Of The Industry
3.1. Central Banking
3.2. Commercial Banking
3.3. Other Credit Granting
3.4. Lease Financing

4. State Of The Industry
4.1. Local
4.1.1. Corporate Actions
4.1.2. Regulations
4.1.3. Enterprise Development And Social Economic Development
4.2. Continental
4.3. International

5. Influencing Factors
5.1. Economic Environment
5.2. Government Intervention
5.3. Political Environment
5.4. Land Restitution
5.5. Operating Expenses
5.6. Expansion Into Africa
5.7. Labour
5.8. Cryptocurrency
5.9. Information Technology (It), Research And Development (R&D) And Innovation
5.10. Crime
5.11. Financial Inclusion
5.12. Environmental Concerns

6. Competition
6.1. Barriers To Entry

7. Swot Analysis

8. Outlook

9. Industry Associations

10. References
10.1. Publications
10.2. Websites

Appendix 1
Registered Cfi’S As At October 2017

Appendix 2

Summary Of Major Players In All Subsectors Of The Banking Industry

Company Profiles – Central Banking & Banks And Other Banking Services
Absa Bank Ltd
African Bank Ltd
Bank Of China Ltd
Bank Of Taiwan
Bidvest Bank Ltd
Bnp Paribas Sa
Canara Bank
Capitec Bank Ltd
China Construction Bank Corporation
Citibank N.A.
Deutsche Bank Ag
Ditsobotla Primary Savings And Credit Co-Operative Bank Ltd
Firstrand Bank Ltd
Gbs Mutual Bank
Grindrod Bank Ltd
Hsbc Bank Plc
Icici Bank Ltd
Investec Bank Ltd
Jpmorgan Chase Bank N.A.
Land And Agricultural Development Bank Of South Africa
Mercantile Bank Ltd
Nedbank Ltd
Osk Kooperatiewe Bank Ltd
Sasfin Bank Ltd
Societe Generale Sa
South African Bank Of Athens Ltd (The)
South African Reserve Bank
Standard Bank Of South Africa Ltd (The)
Standard Chartered Plc
State Bank Of India
Suid-Afrikaanse Poskantoor (Soc) Ltd
Ubank Ltd
Vbs Mutual Bank
Virgin Money South Africa (Pty) Ltd

Company Profiles – Islamic Finance South Africa
Absa Bank Ltd
Albaraka Bank Ltd
Firstrand Bank Ltd
Habib Overseas Bank Ltd
Hbz Bank Ltd
Standard Bank Of South Africa Ltd (The)

Company Profiles – Automotive Financing
Absa Bank Ltd
Ariva Rentals (Pty) Ltd
Bidvest Bank Ltd
Bmw Financial Services (South Africa) (Pty) Ltd
Ffs Finance South Africa (Rf) (Pty) Ltd
Firstrand Bank Ltd
Iemas Financial Services Co-Operative Ltd
Mercedes-Benz Financial Services South Africa (Pty) Ltd
Nedbank Ltd
Standard Bank Of South Africa Ltd (The)
Toyota Financial Services (South Africa) Ltd

Company Profiles – Retail & Section 21 Companies
African Dawn Capital Ltd
Barko Financial Services (Pty) Ltd
Bayport Financial Services 2010 (Pty) Ltd
Betterlife Group Ltd
Bnp Paribas Personal Finance South Africa Ltd
C T International Financiers (Pty) Ltd
Capital Harvest (Pty) Ltd
Discovery Ltd
Finbond Group Ltd
Foschini Group Ltd (The)
Fundi Capital (Pty) Ltd
Gauteng Enterprise Propeller
Iemas Financial Services Co-Operative Ltd
Industrial Development Corporation Of South Africa Ltd
Ithala Development Finance Corporation Ltd
Kuyasa Housing Finance Company (Pty) Ltd (The)
Lewis Group Ltd
National Youth Development Agency (The)
Old Mutual Finance (Rf) (Pty) Ltd
Oranjekas Spaar En Krediet Kooperatief Ltd
Phakamani Foundation
Real People Home Finance (Pty) Ltd
Sa Taxi Development Finance (Pty) Ltd
Small Enterprise Finance Agency Ltd
Small Enterprise Foundation (The)
Thuthukani Financial Services Holdings (Pty) Ltd
Transaction Capital Ltd
Ubank Ltd
Woolworths Financial Services (Pty) Ltd

Company Profiles – Reward & Loyalty Programmes
Absa Bank Ltd
British Airways Plc
Clicks Group Ltd
Comair Ltd
Diners Club (S A) (Pty) Ltd
Dis-Chem Pharmacies Ltd
Discovery Vitality (Pty) Ltd
Edcon Ltd
Exclusive Books Group (Pty) Ltd
Firstrand Bank Ltd
Foschini Group Ltd (The)
Investec Bank Ltd
Mahala Loyalty Program (Pty) Ltd
Mtn Group Ltd
Nedbank Ltd
Pick N Pay Stores Ltd
Primedia (Pty) Ltd
South African Airways (Soc) Ltd
Standard Bank Of South Africa Ltd (The)
Virgin Money South Africa (Pty) Ltd
Virtual Market Place (Pty) Ltd
Vodacom Group Ltd
Wellness Warehouse (Pty) Ltd
Woolworths Financial Services (Pty) Ltd

Company Profiles – Direct Home Loans
Absa Bank Ltd
Firstrand Bank Ltd
Investec Bank Ltd
Nbc Holdings (Pty) Ltd
Nedbank Ltd
Ooba (Pty) Ltd
Sa Home Loans (Pty) Ltd
Standard Bank Of South Africa Ltd (The)
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  • Absa Bank Ltd
  • African Bank Ltd
  • African Dawn Capital Ltd
  • Albaraka Bank Ltd
  • Ariva Rentals (Pty) Ltd
  • Bank of China Ltd
  • Bank of Taiwan
  • Barko Financial Services (Pty) Ltd
  • Bayport Financial Services 2010 (Pty) Ltd
  • BetterLife Group Ltd
  • Bidvest Bank Ltd
  • BMW Financial Services (South Africa) (Pty) Ltd
  • BNP Paribas Personal Finance South Africa Ltd
  • BNP Paribas SA
  • British Airways Plc
  • C T International Financiers (Pty) Ltd
  • Canara Bank
  • Capital Harvest (Pty) Ltd
  • Capitec Bank Ltd
  • China Construction Bank Corporation
  • Citibank N.A.
  • Clicks Group Ltd
  • Comair Ltd
  • Deutsche Bank AG
  • Development Bank of Southern Africa
  • Diners Club (S A) (Pty) Ltd
  • Dis-Chem Pharmacies Ltd
  • Discovery Ltd
  • Discovery Vitality (Pty) Ltd
  • Ditsobotla Primary Savings and Credit Co-Operative Bank Ltd
  • Edcon Ltd
  • Exclusive Books Group (Pty) Ltd
  • FFS Finance South Africa (RF) (Pty) Ltd
  • Finbond Group Ltd
  • FirstRand Bank Ltd
  • Foschini Group Ltd (The)
  • Fundi Capital (Pty) Ltd
  • Gauteng Enterprise Propeller
  • GBS Mutual Bank
  • Grindrod Bank Ltd
  • Habib Overseas Bank Ltd
  • HBZ Bank Ltd
  • HSBC Bank Plc
  • ICICI Bank Ltd
  • Iemas Financial Services Co-Operative Ltd
  • Industrial Development Corporation of South Africa Ltd
  • Investec Bank Ltd
  • Ithala Development Finance Corporation Ltd
  • JPMorgan Chase Bank N.A.
  • Kuyasa Housing Finance Company (Pty) Ltd (The)
  • Land and Agricultural Development Bank of South Africa
  • Lewis Group Ltd
  • Mahala Loyalty Program (Pty) Ltd
  • Mercantile Bank Ltd
  • Mercedes-Benz Financial Services South Africa (Pty) Ltd
  • MTN Group Ltd
  • National Youth Development Agency (The)
  • NBC Holdings (Pty) Ltd
  • Nedbank Ltd
  • Old Mutual Finance (RF) (Pty) Ltd
  • Ooba (Pty) Ltd
  • Oranjekas Spaar en Krediet Kooperatief Ltd
  • OSK Kooperatiewe Bank Ltd
  • Phakamani Foundation
  • Pick n Pay Stores Ltd
  • Primedia (Pty) Ltd
  • Real People Home Finance (Pty) Ltd
  • SA Home Loans (Pty) Ltd
  • SA Taxi Development Finance (Pty) Ltd
  • Sasfin Bank Ltd
  • Small Enterprise Finance Agency Ltd
  • Small Enterprise Foundation (The)
  • Societe Generale SA
  • South African Airways (SOC) Ltd
  • South African Bank of Athens Ltd (The)
  • South African Reserve Bank
  • Standard Bank of South Africa Ltd (The)
  • Standard Chartered Plc
  • State Bank of India
  • Suid-Afrikaanse Poskantoor (SOC) Ltd
  • Thuthukani Financial Services Holdings (Pty) Ltd
  • Toyota Financial Services (South Africa) Ltd
  • Transaction Capital Ltd
  • Ubank Ltd
  • VBS Mutual Bank
  • Virgin Money South Africa (Pty) Ltd
  • Virtual Market Place (Pty) Ltd
  • Vodacom Group Ltd
  • Wellness Warehouse (Pty) Ltd
  • Woolworths Financial Services (Pty) Ltd
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