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This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [1] [2]
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
Banking in South Africa is centred on the South African Reserve Bank (SARB), which is the monetary authority and controls gold and foreign exchange reserves. [1]
A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office. Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost, value, and volume of transactions.
BankservAfrica is an automated clearing house located in Johannesburg, South Africa, serving both national and pan-African transactions. [1] [2] It annually processes a significant volume of transactions, encompassing various sectors such as banking, corporates, government, and retail.
This page was last edited on 19 September 2024, at 19:01 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The Bank is licensed as a "locally controlled bank" by the South African Reserve Bank (SARB). [3] Headquartered in Midrand, South Africa, the bank has a countrywide branch distribution network in addition to a full digital channel offering; as well as sales, collections and customer service Contact Centres. [4]
Standard Chartered South Africa, whose full name is Standard Chartered Bank South Africa, often referred to as Stanchart South Africa, is a commercial bank in South Africa. It is a subsidiary of British Standard Chartered and is registered as a Foreign Bank, by the South African Reserve Bank. [1] The bank is a large financial services provider.