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The Banking Industry in South Africa 2016

  • March 2016
  • -
  • Who Owns Whom
  • -
  • 544 pages

South Africa’s Banking Sector: This report focuses on the South African banking industry and includes other credit granting, lease financing, and loyalty and reward programmes. The finance, real estate and business services industry contributed 18.6% to GDP in 2015 and with total banking sector assets of R4,855bn in January 2016, the banking sector plays a vital role in the country’s economy. It distributes resources and capital across all economic sectors, which in turn allows these sectors to contribute to the performance of the economy.


A Well Developed Sector: According to Banking Association South Africa, the country has a well developed and proactively regulated banking system which is equal to or greater than those of industrialised countries. As a result, the sector has attracted international interest, with numerous foreign banks establishing offices in South Africa and international banking organisations acquiring shares in major local banks. There are currently six foreign controlled banks, 39 foreign bank representatives and 15 branches of foreign banks registered with the South African Reserve Bank.


Challenging Conditions: Despite the resilience of the sector, it is facing numerous problems emanating from the real economy, mainly from rising unemployment, ongoing labour disputes and comparatively increased levels of inflation. In addition, running costs are increasing, often as a result of the implementation of measures to ensure compliance with regulations. Other factors that are putting pressure on margins are rising interest rates and the increasing number of households that are defaulting on the repayment of loans.



Report Coverage:

The detailed report on the competitive banking sector describes the current market, the latest regulatory and corporate developments and discusses factors influencing the success of the sector. The report profiles 95 companies, including the “Big Four” banks, FirstRand, Standard Bank, Barclays Africa (Absa) and Nedbank, as well as major players in all sub-sectors of the Banking Industry.

Table Of Contents

The Banking Industry in South Africa 2016
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 10
2.2. Geographic Position 12
3. SIZE OF THE INDUSTRY 12
3.1. Central Banking 12
3.2. Banking 14
3.3. Lease Financing 17
4. STATE OF THE INDUSTRY 38
4.1. Local 38
4.1.1. Corporate Actions 47
4.1.2. Regulations 49
4.1.3. Enterprise Development and Social Economic Development 54
4.2. Continental 56
4.3. International 62
5. INFLUENCING FACTORS 64
5.1. Government Intervention 64
5.2. Economic Environment 64
5.3. Expansion into Africa 66
5.4. Labour 67
5.5. Technology, Research and Development (RandD) and Innovation 70
5.6. Crime 74
5.7. Financial Inclusion 77
5.8. Environmental Concerns 78
6. COMPETITION 79
6.1. Barriers to Entry 82
7. SWOT ANALYSIS 83
8. OUTLOOK 84
9. INDUSTRY ASSOCIATIONS 85
10. REFERENCES 87
10.1. Publications 87
10.2. Websites 89
Appendix 1 92
Responsibilities of the South African Reserve Bank 92
Appendix 2 93
Islamic Banking Instruments 93
COMPANY PROFILES - CENTRAL BANKING and BANKS AND OTHER BANKING SERVICES 94
ABSA BANK LTD 94
African Bank Ltd 99
Bank of Baroda 102
Bank of China Ltd 104
Bank of Taiwan 107
Bidvest Bank Ltd 110
BNP Paribas 113
Canara Bank 118
Capitec Bank Ltd 120
China Construction Bank Corporation 123
Citibank NA 126
Deutsche Bank AG 129
Development Bank of Southern Africa 164
Ditsobotla Primary Savings and Credit Co-Operative Bank Ltd 168
FirstRand Bank Ltd 170
GBS Mutual Bank 175
Grindrod Bank Ltd 178
HSBC Bank Plc 182
ICICI Bank Ltd 184
Investec Bank Ltd 188
JPMorgan Chase Bank NA 193
Land and Agricultural Development Bank of South Africa 195
Mercantile Bank Ltd 200
Nedbank Ltd 203
OSK Kooperatiewe Bank Ltd 211
Sasfin Bank Ltd 213
Societe Generale SA 216
South African Bank of Athens Ltd (The) 220
South African Reserve Bank 225
Standard Bank of South Africa Ltd (The) 230
Standard Chartered Bank Plc 234
State Bank of India 236
Suid-Afrikaanse Poskantoor (SOC) Ltd 240
Ubank Ltd 244
VBS Mutual Bank 247
Virgin Money South Africa (Pty) Ltd 250
COMPANY PROFILES - ISLAMIC FINANCE SOUTH AFRICA 252
Absa Bank Ltd 252
Albaraka Bank Ltd 257
FirstRand Bank Ltd 261
Habib Overseas Bank Ltd 266
HBZ Bank Ltd 268
COMPANY PROFILES - AUTOMOTIVE FINANCING 271
Absa Bank Ltd 271
Ariva Rentals (Pty) Ltd 276
Bidvest Bank Ltd 278
BMW Financial Services (South Africa) (Pty) Ltd 281
FFS Finance South Africa (RF) (Pty) Ltd 282
FirstRand Bank Ltd 284
Mercedes-Benz Financial Services South Africa (Pty) Ltd 289
Nedbank Ltd 291
Standard Bank of South Africa Ltd (The) 299
Toyota Financial Services (South Africa) Ltd 303
COMPANY PROFILES - RETAIL and SECTION 21 COMPANIES 306
Foschini Retail Group (Pty) Ltd 306
Gauteng Enterprise Propeller 309
JD Group Ltd 312
Kuyasa Fund (The) 318
Lewis Group Ltd 320
Phakamani Foundation 323
RCS Investment Holdings Ltd 325
Small Enterprise Finance Agency Ltd 327
Small Enterprise Foundation (The) 331
Thuthukani Financial Services (Pty) Ltd 333
Ubank Ltd 335
Woolworths Financial Services (Pty) Ltd 338
COMPANY PROFILES - PRIVATE AND PRIVATELY HELD CONCERNS 341
African Dawn Capital Ltd 341
Barko Financial Services (Pty) Ltd 345
Bayport Financial Services 2010 (Pty) Ltd 347
BetterLife Home Loans (Pty) Ltd 349
Capital Harvest (Pty) Ltd 351
CT International Financiers (Pty) Ltd 353
Discovery Ltd 354
Edu-Loan (Pty) Ltd 359
Finbond Group Ltd 363
Iemas Financial Services Co-Operative Ltd 368
Industrial Development Corporation of South Africa Ltd 372
Ithala Development Finance Corporation Ltd 379
Ithala SOC Ltd 384
National Youth Development Agency (The) 386
Net1 Finance Holdings (Pty) Ltd 388
Old Mutual Finance (RF) (Pty) Ltd 390
Real People (Pty) Ltd 392
SA Taxi Development Finance (Pty) Ltd 394
Tembeka Social Investment Company Ltd 395
Transaction Capital Ltd 397
COMPANY PROFILES - REWARD and LOYALTY PROGRAMMES 400
Absa Bank Ltd 400
American Express International 405
British Airways Plc 407
Clicks Group Ltd 412
Comair Ltd 417
Diners Club (SA) (Pty) Ltd 422
Dis-Chem Pharmacies (Pty) Ltd 424
Discovery Vitality (Pty) Ltd 430
Edcon Ltd 433
Exclusive Books Group (Pty) Ltd 437
FirstRand Bank Ltd 441
Foschini Retail Group (Pty) Ltd 446
Investec Bank Ltd 449
Mahala Loyalty Program (Pty) Ltd 454
MTN Group Ltd 457
Nedbank Ltd 462
Ooba (Pty) Ltd 470
Pick n Pay Stores Ltd 473
Primedia (Pty) Ltd 478
South African Airways (SOC) Ltd 483
Standard Bank of South Africa Ltd (The) 487
Virgin Money South Africa (Pty) Ltd 491
Virtual Market Place (Pty) Ltd 493
Vodacom Group Ltd 495
Wellness Warehouse (Pty) Ltd 499
Woolworths Financial Services (Pty) Ltd 501
COMPANY PROFILES - DIRECT HOME LOANS 504
Absa Bank Ltd 504
FirstRand Bank Ltd 509
Investec Bank Ltd 514
NBC Holdings (Pty) Ltd 519
Nedbank Ltd 522
Ooba (Pty) Ltd 530
SA Home Loans (Pty) Ltd 533
Standard Bank of South Africa Ltd (The) 535

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