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This Week’s News
The BFT Online – Standard Bank named Africa’s most valuable Banking Brand – 24/3/2025
Standard Bank, the parent company of Stanbic Bank Ghana, Africa’s biggest bank by assets, has once again been ranked as Africa’s Most Valuable Banking Brand for 2025.
For the complete story, see: https://thebftonline.com/2025/03/24/standard-bank-named-africas-most-valuable-banking-brand/
Business Tech – New R2.8 billion bank launching in South Africa this year – 18/3/2025
Old Mutual is making significant progress on its upcoming bank but expects the new entity to record a startup loss of over R1 billion.
For the complete story, see: https://businesstech.co.za/news/banking/817388/new-r2-8-billion-bank-launching-in-south-africa-this-year/
Daba – Old Mutual Launches Bank with Plans to Break Even in Three Years – 18/3/2025
OM Bank, the latest entrant in South Africa’s competitive banking sector, has received its banking license from the South African Reserve Bank
For the complete story, see: https://www.dabafinance.com/en/news/old-mutual-launches-bank-with-plans-to-break-even-in-three-years
Other Stories
Moneyweb – South Africa’s newest bank aims to break even in three years – 18/3/2025
MSN – African Development Bank approves $1B loan to South Africa's state-owned rail and ports company – 18/3/2025
MSN – Absa Group names Standard Bank South Africa head Kenny Fihla as new CEO – 17/3/2025
Yahoo Finance – Standard Bank forecasts double digit profit growth in medium-term – 13/3/2025
IT Web – Standard Bank’s IT spending tops R22bn – 13/3/2025
Media Releases
No new media release for this week
Latest Research 18/
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
Bidvest Bank
Capitec Bank Holdings Ltd (JSE: CPI)
Discovery Limited (JSE: DSY)
First National Bank
Firstrand Limited (JSE: FSR)
Grindrod Bank
Investec Ltd (JSE: INL)
Nedbank Group Ltd (JSE: NED)
Old Mutual Ltd (JSE: OMU)
PSG Group Limited (JSE: PSG)
Remgro Limited (JSE: REM)
RMB Holdings Limited (JSE: RMH)
Sanlam Limited (JSE: SLM)
Sasfin Holdings Limited (JSE: SFN)
Standard Bank Group Limited (JSE: SBK)
TymeBank
Ubank Limited
Associate: Emillia Edwin
News and Commentary
The BFT Online – Standard Bank named Africa’s most valuable Banking Brand – 24/3/2025
Standard Bank, the parent company of Stanbic Bank Ghana, Africa’s biggest bank by assets, has once again been ranked as...