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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.
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The following co-operative banks are registered by the South African Reserve Bank: [2] Ditsobotla Primary Savings and Credit Co-operative Bank; KSK Koöperatiewe Bank Beperk
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Following the discontinuation of the Virgin Money South Africa credit card, [7] the company and app was acquired by its management and a local private equity company, [8] and renamed Spot Money. [9] The 118,000 former credit card customers, with R750 million in total credit, were transferred to Absa's own credit card offering.
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5G Cell Tower in Johannesburg, South Africa. The Internet in South Africa, one of the most technologically resourced countries on the African continent, is expanding.The internet country code top-level domain (ccTLD) [1].za is managed and regulated by the .za Domain Name Authority (.ZADNA) and was granted to South Africa by the Internet Corporation for Assigned Names and Numbers (ICANN) in 1990.