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Capitec Bank is a South African retail bank and financial services company. [2] As of February 2024 the bank was the largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month.
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 ] List of commercial banks
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Capitec Bank: Financials Banks Stellenbosch: 2001 Bank P A Cell C: Telecommunications Mobile telecommunications Randburg: 2001 Mobile network P A Checkers: Consumer services Food retailers & wholesalers Brackenfell: 1956 [12] Supermarkets, part of Shoprite since 1991 P A Cognician: Consumer services Education Services Cape Town: 2010 e-learning ...
When a customer from one bank wrote a check to a customer at another bank, the routing number let everyone know which bank would pay the amount written on the check.
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The bank was founded in Republic of South Africa in 1965. It obtained a banking licence in 1989; [6] and became a fully owned subsidiary of Mercantile Bank Holdings Limited, a bank holding company incorporated in January the same year. [3] In 1995, the bank merged with Bank of Lisbon International (BLI) – a bank established in 1965.