The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

South Africa

Botswana I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe

BEST BANK: Standard Bank
BEST DEBT HOUSE: Citigroup
BEST M&A HOUSE: JPMorgan

The South African economy has benefited from the global boom in commodity prices – the country is the world’s largest producer of platinum, gold and chromium – in the past year and grew at a strong 4.9% in 2005. Although annual GDP per capita of $12,000 is not substantially higher than levels in other middle income sub-Saharan African countries, the size of the economy is in a different league to the rest of the continent. Consequently, the banking market in South Africa is vastly more developed in terms of competition, services and the sophistication of banks, corporates and retail clients.

The greatest competition in South African banking is between the top five banks: Absa, FirstRand, Nedbank, Standard Bank and Investec. There is a chasm in terms of assets and services between these players and the next tier of banks, headed by players such as Africa Bank and Mercantile Bank – the fifth-largest bank by assets, Investec, has more than 10 times the assets of sixth-placed bank Africa Bank.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree