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This Week's News
Business Times - Transformation expected to be key in Absa search for CEO - 19/1/2025
As Absa, South Africa's third largest bank, embarks on a search for a new CEO after Arrie Rautenbach's early retirement, transformation is expected to be the focus of the group's succession plan.
For the complete story, see: https://www.businesslive.co.za/bt/business-and-economy/2025-01-19-transformation-expected-to-be-key-in-absa-search-for-ceo/
IOL - S&P Global predicts resilience in South African banking sector amid economic reforms - 19/1/2025
South African banks' profitability is expected to remain strong this year, supported by higher credit growth, non-interest income, and lower provisioning, according to credit rating agency S&P Global.
For the complete story, see: https://www.iol.co.za/business-report/economy/s-and-p-global-predicts-resilience-in-south-african-banking-sector-amid-economic-reforms-8266a845-b7b6-4ee8-8ee6-da63df3dabbf
IOL - South African banks to face parliamentary scrutiny over credit lending practices - 17/1/2025
Parliament's Portfolio Committee on Trade, Industry, and Competition, along with the Standing Committee on Finance.
For the complete story, see: https://www.iol.co.za/business-report/economy/south-african-banks-to-face-parliamentary-scrutiny-over-credit-lending-practices-5183021d-5686-4ce1-80d7-140ca536b2de
Other Stories
The BFT Online - Kowri expands into Southern Africa with strategic partnership in Namibia - 17/1/2025
Money Web -South African lawmakers to quiz banks over lending practices - 17/1/2025
Disrupt Africa -Smile ID's Enhanced SmartSelfie™ Technology Achieves Industry-Leading Fraud Prevention in Africa - 9/1/2025
African Business - South Africa's banks post growth as economic climate improves - 8/1/2025
African Business - Old Mutual strengthen offerings across Africa - 8/1/2025
Media Releases
No new media release for this week.
Latest Research
Renewable energy, banking sector development, and carbon dioxide emissions nexus: A path toward sustainable development in South Africa - By Ahmed Samour, Delani Moyo & Turgut Tursoy
Overviews of Leading Companies
Absa Group Limited (JSE: ABG)
African Bank Limited
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Capitec Bank Holdings Ltd (JSE: CPI)
Discovery Limited (JSE: DSY)
First National Bank
Firstrand Limited (JSE: FSR)
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Investec Ltd (JSE: INL)
Nedbank Group Ltd (JSE: NED)
Old Mutual Ltd (JSE: OMU)
PSG Group Limited (JSE: PSG)
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Sanlam Limited (JSE: SLM)
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Associate: Emillia Edwin
News and Commentary
Business Times - Transformation expected to be key in Absa search for CEO - 19/1/2025
As Absa, South Africa's third largest bank, embarks on a search for a new CEO after Arrie Rautenbach's early retirement, transformation is expected...