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Banks in South Africa

Banks headquartered in South Africa.

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A-Z Banks in South Africa Provider Directory
1-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
A
ABSA Group Ltd.
www.absa.co.za
Allied Bank
South African bank offering personal banking, business banking and corporate banking.
www.allied.co.za
African Merchant Bank (AMB)
AMB is a South African majority black-owned merchant and investment banking group.
www.amb.co.za
D
Development Bank of South Africa (DBSA)
South African bank working on improving the socio-economic state of the country.
www.dbsa.org
M
Marriott Merchant Bank
The bank is geared towards helping clients navigate complex issues such as financial restructuring and raising capital.
www.marriott.co.za
Mercantile Lisbon Bank Holdings
Offer products and services in the Republic of South Africa only.
www.mercantile.co.za
MLS Bank
MLS is the only South African bank exclusively devoted to serving the needs of medical and dental practitioners.
www.mlsbank.co.za
N
NBS Bank
NBS has grown into a national diversified financial services institution in South Africa.
www.nbs.co.za
Nedbank
South African financial services group.
www.nedbank.co.za
Nedcor
www.nedcor.co.za
O
Old Mutual South Africa
Principal businesses comprise life insurance, asset management, banking and general insurance.
www.oldmutual.co.za
R
Reserve Bank of South Africa
Reserve Bank of South Africa.
www.resbank.co.za
Rand Merchant Bank
South African merchant bank.
www.rmb.co.za
S
Standard Corporate & Merchant Bank
SCMB is a division of The Standard Bank of South Africa Limited (SBSA), the main operating subsidiary of the Standard Bank Group.
www.scmb.co.za
  • African Bank Investment Limited
  • Saambou Holdings Limited
  • Sib Holdings Limited
  • Smg Holdings Limited
  • Thebe Financial Services Limited
Fat Savings. Safe Savings
Earn 3.50%APY* available through 9/15/08. And the strength of HSBC
HSBCdirect.com
Banks
Find A High-Yield Checking Account In Your Area Or Online. Search Now!
www.CheckingFinder.com
Highest CD Rates
Compare CD Rates from Several Banks Online in Minutes
www.HighestCDRatesn.com

Guide to Banks in South Africa


Find and use South African banks to meet a variety of needs


When doing business in or with South Africa, it is important to have a good knowledge about the system of banking in South Africa. South Africa is home to over 60 different banks -- commercial banks, personal banks, development banks and international banks. These different banks cover a wide range of banking needs, but a detailed knowledge of South African banks is necessary to successfully take advantage of what the system has to offer.

South Africa is one of the most industrialized and economically strong areas of Africa. As a result, many of the most prestigious and international banks of Africa are located within this country. Despite its industrialization and relative prosperity, however, South Africa is also considered to be a developing nation. South Africa banks, because of this, are greatly diversified in order to meet a wide range of banking needs. Some banks in South Africa focus on internal development, while others focus more on promoting international banking in South Africa. Whatever their focus, many banks of South Africa are eager to work with international businesses.

Keep in mind the following issues when researching banking in South Africa:

1. Focus on banks that will meet your specific needs.

2. Consider the unusual position of South Africa as both an industrialized and a developing nation.

3. Comparing South African banks will help you find the right bank out of the many available.


Action Steps

The best contacts and resources to help you get it done

Research individual banks by using company websites Most banks of South Africa provide a great deal of information online. This information is especially useful for international businesses looking to connect to South African banks.

I recommend:  Absa is one of the largest banks in South Africa, with personal, business and corporate banking services. For a list of every bank in South Africa, the South African Financial Sector Forum lists local, commercial and international banks with links to the individual banks’ websites.

Gather general information about banking in South Africa Information about the banking industry and general financial state of South Africa can be found from the South African government and from private sources.

I recommend:  The South African Reserve Bank is the central bank for the Republic of South Africa. Its website contains information on inflation, exchange rates, world markets, monetary policy and such. Mammoth Solutions offers an article with information about South African banks and doing business in South Africa.

Get background information on South Africa banks before doing business or making investments There are several banking service companies and organizations that provide detailed information on the banks of Africa.

I recommend:  The Banking Association-South Africa is an industry body responsible for lobbying, policy research, and such in South Africa. Their website includes news on the banks in South Africa and changes in banking policy and is updated several times per day. Bankmonitor is an independent company that offers comparisons between different South African banks. Their services include transaction fee calculators and product comparisons.


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By Laurel Brown
Financial Services
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Find and use South African banks to meet a variety of needs.
When doing business in or with South Africa, it is important to have a good knowledge about the system of banking in South Africa. South Africa is home to over 60 different banks -- commercial banks, personal banks, development banks and international banks. These different banks cover a wide range of banking needs, but a detailed knowledge of South African banks is necessary to successfully take advantage of what the system has ... Read more

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