Weaker rand and sluggish domestic economy impact local lenders’ rankings
Lending to private power generation projects is a “major area of potential growth” for lenders if political stability holds
Weak rand impacts lenders top line performance in dollar terms
The country’s big four all reported positive results for 2022, in spite of gathering economic storm clouds.
The director of the IMF’s African department speaks about the economic outlook for sub-Saharan Africa, the funding squeeze faced by much of the continent, and the necessity of increased spending on climate change adaptation.
FATF’s greylisting of Africa’s two biggest economies will deepen existing economic troubles in both markets.
A weekly look at some of the most recent and influential people moves across the global banking industry.
The continent's most industrialised economy continues to suffer from underinvestment and lingering corruption.
The country’s lenders are in rude health, even as the threat of a greylisting by the FATF looms.
Deputy finance minister, David Masondo, discusses the overhaul of the country’s ailing energy sector and measures taken to reduce the risk of greylisting by FATF.
The South African government is mounting a legislative response to avoid joining the FATF monitoring list, but time is running short.
Regulators are trying to keep pace with the fast-evolving fintech sector as the Rapid Payments Programme nears launch.
Africa’s forays into fintech continue apace as a new hub opens in South Africa, while sharing knowledge across the continent continues to be crucial for success.
The continent’s transition away from fossil fuels is fraught with difficulty, not least if the overall aim is both a cleaner and fairer future.
Investec topped the South Africa performance rankings and climbed up 63 places in the overall Top 1000 ranking. Its ‘Big Four’ peers fared less well.
Looting and arson forced the closure of hundreds of branches and caused widespread damage to ATM infrastructure.
New challenges have forced leading commercial lenders to innovate to hold onto market share.
Loan portfolios have been skewed towards unsecured lending over the last decade.
Total financial services capital investment into South Africa rose 41% last year, while Nigeria saw a 57% drop.
South Africa has been hit hard by Covid-19, which has had a dramatic impact on its GDP.