Banks in South Africa

Key Highlights

• The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers.
• The South African banks industry group recorded assets of $512.1 billion in 2023, representing a compound annual growth rate (CAGR) of 4.2% between 2018 and 2023.
• The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $354.6 billion, equivalent to 69.3% of the industry group's overall value.
• In 2023, the revenue of the South African banks industry group witnessed an annual growth of 4.8% due to the rise in interest rates and substantial demand for loans. According to the South African Reserve Bank, the interest rate in the country reached 9.25% in June 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in South Africa
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in South Africa
• Leading company profiles reveal details of key banks market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Africa banks market with five year forecasts

Reasons to Buy

• What was the size of the South Africa banks market by value in 2023?
• What will be the size of the South Africa banks market in 2028?
• What factors are affecting the strength of competition in the South Africa banks market?
• How has the market performed over the last five years?
• What are the main segments that make up South Africa's banks market?