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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
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.
Discovery Health – Sandton, South Africa – 100% Shareholding – Offering administration services to medical schemes and specialised medical insurance products in South Africa. [14] Discovery Vitality – Sandton, South Africa – 100% Shareholding; Discovery Life Collective Investments – Sandton, South Africa – 100% Shareholding ...
Bidvest Bank; Capitec Bank; First National Bank (South Africa) FirstRand Bank; Grindrod Bank; Imperial Bank South Africa; Investec; Nedbank; Sasfin Bank; Standard Bank [91] Teba Bank Limited; TymeBank
It secured a banking licence in 1980 [10] [11] and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company. [12] In 1988, Investec Bank Limited was restructured into Investec Group Limited ("IGL"), giving Investec Management and staff control of the company. [10]
This is an accepted version of this page This is the latest accepted revision, reviewed on 20 January 2025. The following Forbes list of South African billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2023. 2023 South African billionaires list World Rank Name Citizenship Net worth (USD) Source of wealth 2 Elon Musk [a] South Africa ...
The company launched as Virgin Money South Africa in 2006, as a partnership between Virgin Group (owners of the Virgin Money brand) and Absa, as an issuer of credit cards. [2] The 50-50 joint venture was worth R240 million at the time of launch. [3] By 2013 Virgin Money's customers had R1 billion in total credit. [4]