Tag: South Africa banking

Graham Lee, CEO of Capitec
BusinessHot News

South African executive Graham Lee’s pay at Capitec hits $3 million in 2026

Capitec CEO Graham Lee's pay reaches $3 million as the South African lender posted record profit and client growth.

Timilehin Adejumobi Timilehin Adejumobi
Pepkor to launch bank in South Africa as retail finance race heats up
BusinessTechnology

Pepkor to launch bank in South Africa as retail finance race heats up

South African retailer Pepkor is preparing to enter the country’s banking industry, adding to a growing shift by retailers toward financial services as they look for steadier income and closer ties with customers.  The company, which owns clothing chains PEP and Ackermans, plans to launch its bank in April 2027. Pepkor said the business will combine digital banking with in-store…

Oluwatosin Alao Oluwatosin Alao
FNB, Pick n Pay roll out $35 million rewards boost for shoppers
BusinessTechnology

FNB, Pick n Pay roll out $35 million rewards boost for shoppers

South African consumers under pressure from rising food and living costs are increasingly turning to rewards programs to stretch household budgets, pushing retailers and banks to deepen partnerships built around everyday spending. First National Bank, a unit of FirstRand, and Pick n Pay Stores Ltd., the South African grocery chain said their joint eBucks initiative has delivered more than $35…

Oluwatosin Alao Oluwatosin Alao
African Bank
BusinessHot News

African Bank’s $343 million Eskom home loan deal collapses

African Bank’s $343 million Eskom mortgage portfolio acquisition collapsed after key deal conditions were unmet.

Timilehin Adejumobi Timilehin Adejumobi
Nthabeleng Likotsi, founder of eNL Mutual Bank
ExclusiveBusiness

Meet Nthabeleng Likotsi: South Africa’s first Black female bank owner

Nthabeleng Likotsi becomes South Africa’s first Black woman bank owner, leading eNL Mutual Bank’s push for financial inclusion.

Timilehin Adejumobi Timilehin Adejumobi
Standard Bank Cashless branch
BusinessTechnology

Standard Bank expands cashless branches as digital banking surges      

Standard Bank has expanded to 234 cashless branches as digital banking adoption surges, cutting costs and reshaping how customers access services.

Timilehin Adejumobi Timilehin Adejumobi
Capitec Bank HQ
BusinessHot News

Capitec rolls out Smart ID services at new South Africa branches  

Capitec launches Smart ID services at new South African branches.

Timilehin Adejumobi Timilehin Adejumobi