South Africa Banking and Stokvels Market Report 2021
Dublin, April 30, 2021 (GLOBE NEWSWIRE) -- The "The Banking Industry in South Africa, including Stokvels 2021" report has been added to ResearchAndMarkets.com's offering.
This report focuses on the banking industry in South Africa including stokvels. It includes comprehensive information on commercial and central banking, stokvels and other credit granting and lease financing organisations.
The report provides information on the state and size of the sector, assets, loans and advances, regulation and corporate actions. There are profiles of 90 companies including the major banking groups such as FirstRand (FNB), Absa, Standard Bank, Nedbank and Capitec, credit-granting institutions including retailers, international banks operating in South Africa stokvels and home loan companies.
The Banking Industry in South Africa including Stokvels:
The South African banking industry is regarded as one of the best banking systems in the world and major local banks are highly rated. The industry's image was tarnished by a corruption scandal which resulted in the collapse of VBS Mutual Bank.
South African banks have played a critical role in the coronavirus pandemic response, providing significant financial relief to financially distressed individuals and businesses. While local banks are well capitalised, analysts say that their creditworthiness could be threatened by South Africa's crippling burden of debt. ;
Competition:
South Africa's retail banking sector is dominated by five JSE-listed banking groups, but with the entry of new banks to the market, the banking landscape is becoming less consolidated and increasingly competitive. Competition has driven down bank charges, particularly on entry-level accounts.
Banks are increasingly investing in digital banking and focusing on product customisation to retain and attract customers. New players do not have the geographical footprint of established banks, but their digital platforms allow them to meet consumers' demand for affordable bank services that are faster and more convenient than traditional banking. ;
Coronavirus:
The banking industry has been severely affected by the pandemic. Sustained pressure on consumers and businesses due to lockdowns and the expiry of temporary credit relief measures have resulted in a significant increase in non-performing loans. Banks nevertheless remained resilient with capital adequacy ratios well above the statutory requirement. Banks played a role in the pandemic response by providing relief to financially-distressed customers during lockdown.;
Key Topics Covered:
1. Introduction
2. Description of the Industry
2.1. Industry Value Chain
2.2. Geographic Position
3. Size of the Industry
3.1. Central Banking
3.2. Commercial Banking
3.3. Other Credit Granting
3.4. Lease Financing
3.5. Stokvels
4. State of the Industry
4.1. Local
4.1.1. Corporate Actions
4.1.2. Regulations
4.1.3. Enterprise Development and Social Economic Development
4.2. Continental
4.3. International
5. Influencing Factors
5.1. Coronavirus
5.2. Government Interventions
5.3. Economic Environment
5.4. Financial Inclusion
5.5. Operating Expenses
5.6. Labour
5.7. Cryptocurrency
5.8. Technology, Research and Development (R&D) and Innovation
5.9. Crime and Fraud
5.10. Environmental and Social Concerns
6. Competition
6.1. Barriers to Entry
7. SWOT Analysis
8. Outlook
9. Industry Associations
10. References
10.1. Publications
10.2. Websites
Appendix
Summary of Notable Players
Company Profiles
Absa Bank Ltd
African Bank Ltd
African Dawn Capital Ltd
Albaraka Bank Ltd
Ariva Rentals (Pty) Ltd
Bank of China Ltd
Bank of Taiwan
Barko Financial Services (Pty) Ltd
Bayport Financial Services 2010 (Pty) Ltd
Betterlife Group Ltd
Bidvest Bank Ltd
Bmw Financial Services (South Africa) (Pty) Ltd
Bnp Paribas Personal Finance South Africa Ltd
Bnp Paribas Sa
British Airways plc
C T International Financiers (Pty) Ltd
Canara Bank
Capital Harvest (Pty) Ltd
Capitec Bank Ltd
China Construction Bank Corporation
Citibank N.A.
Clicks Group Ltd
Comair Ltd
Deutsche Bank Ag
Development Bank of Southern Africa
Diners Club (S A) (Pty) Ltd
Dis-Chem Pharmacies Ltd
Discovery Ltd
Discovery Vitality (Pty) Ltd
Ditsobotla Primary Savings & Credit Co-Operative Bank Ltd Primary Co-Operative
Exclusive Books Group (Pty) Ltd
Ffs Finance South Africa (Rf) (Pty) Ltd
Finbond Group Ltd
Firstrand Bank Ltd
Foschini Group Ltd (The)
Fundi Capital (Pty) Ltd
Gauteng Enterprise Propeller
Gbs Mutual Bank
Grindrod Bank Ltd
Grobank Ltd
Habib Overseas Bank Ltd
Hbz Bank Ltd
Hsbc Bank plc
Icici Bank Ltd
Iemas Financial Services Co-Operative Limited Primary Co-Operative
Industrial Development Corporation of South Africa Ltd
Investec Bank Ltd
Ithala Development Finance Corporation Ltd
Jpmorgan Chase Bank N.A.
Land and Agricultural Development Bank of South Africa
Lewis Group Ltd
Mahala Loyalty Program (Pty) Ltd
Mer Pastcomp Ltd
Mercedes-Benz Financial Services South Africa (Pty) Ltd
Mtn Group Ltd
National Youth Development Agency (The)
Nbc Holdings (Pty) Ltd
Nedbank Ltd
Old Mutual Finance (Rf) (Pty) Ltd
Ooba (Pty) Ltd
Oranjekas Spaar En Krediet Kooperatief Beperk Primary Co-Operative
Osk Kooperatiewe Bank Beperk Primary Co-Operative
Phakamani Foundation
Pick N Pay Stores Ltd
Primedia (Pty) Ltd
Retailability (Pty) Ltd
Sa Home Loans (Pty) Ltd
Sa Taxi Development Finance (Pty) Ltd
Sasfin Bank Ltd
Saveact Trust
Small Enterprise Finance Agency Ltd
Small Enterprise Foundation (The)
Societe Generale Sa
South African Airways (Soc) Ltd
South African Reserve Bank
Spot Money Sa (Pty) Ltd
Standard Bank of South Africa Ltd (The)
Standard Chartered plc
State Bank of India
Suid-Afrikaanse Poskantoor (Soc) Ltd
Thuthukani Financial Services Holdings (Pty) Ltd
Toyota Financial Services (South Africa) Ltd
Transaction Capital Ltd
Tyme Bank Ltd
Ubank Ltd
Virtual Market Place (Rf) (Pty) Ltd
Vodacom Group Ltd
Wellness Warehouse (Pty) Ltd
Woolworths Financial Services (Pty) Ltd
Ziphakamise Savings and Credit Co-Operative Bank Limited Primary Co-Operative
For more information about this report visit https://www.researchandmarkets.com/r/jry5jr
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900