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Wizzit is a provider of basic banking services for the unbanked and underbanked (people or enterprises that have no or only limited access to banking services) in South Africa. Its services are based on the use of mobile phones for accessing bank accounts and conducting transactions, in addition to a Maestro debit card that is issued to all ...
The bank was founded on June 12, 1942 under the name Unie Bouvereniging. Shortly afterwards, the company took the name Saambou (Permanente) Bouvereniging. In 1970 it merged with Nasionale Bouvereniging, creating Saambou Nasionale Bouvereniging. They went public as Saambou Beherend in 1987 and traded under the name Saambou Bank. [2]
The group's headquarters are located in neighborhood of Melrose, in the city of Johannesburg, South Africa, approximately 11 kilometres (7 mi), north of the city center. [2] The coordinates of the group's headquarters are:26°07'47.0"S, 28°04'12.0"E (Latitude:-26.129737; Longitude:28.070007).
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. Its role as Africa's largest automated payments clearing ...
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Commercial banking in the country is dominated by the "big five" banks: Standard Bank, FirstRand, Absa, Nedbank, and Investec. As of March 2020 [update] , they control nearly 90% of the sector's total assets.
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.
Discovery Insure – Sandton, South Africa – 100% Shareholding – Offering motor vehicle, household and other short-term risk insurance in South Africa. VitalityHealth – London , United Kingdom – 100% Shareholding – Offering personal medical insurance products in the United Kingdom. 25% of the venture was previously held by Prudential ...