Following the success in Kenya of Safaricom’s M-Pesa programme, a mobile money scheme that now handles roughly 10% of Kenya’s GDP on an annual basis, mobile financial services have become increasingly popular in Africa. Though the results have been mixed, the fundamentals of the mobile phone as a financial tool are sound. In South Africa, mobile penetration is in excess of 100...
South Africa Financial Services
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Articles & Analysis | Mobile financial services provide a new growth platform from The Report: South Africa 2014
Interviews & Viewpoints | OBG talks to Jim Cowles, CEO for Europe, Middle East & Africa, Citigroup from The Report: South Africa 2014
To what extent will stricter regulatory controls negatively impact liquidity in the long term?
Interviews & Viewpoints | OBG talks to Gill Marcus, Governor, South African Reserve Bank (SARB) from The Report: South Africa 2014
With both performance and assets outstripping the continent’s other large emerging markets in Egypt, Nigeria and Morocco, South Africa’s banking sector is the biggest and most developed on the continent. The economy has been shaken by the global financial crisis: the rand has seen unusual volatility, and demand from key markets in Europe and Asia has dropped. However, the country’s banks have...
In April 2014 South Africans celebrated the 20th anniversary of both the end of apartheid and the creation of the modern Republic of South Africa. These two events highlight just how far South Africa has come in the past two decades, during which the nation’s numerous assets have contributed to its rise as one of Africa’s leading economic and diplomatic players.
The Johannesburg Stock Exchange (JSE) enjoyed a good year in 2013, with its growth far outpacing that of the overall South African economy. However, with capital flows to emerging markets exhibiting some volatility in recent weeks, and domestic challenges such as continued labour disputes a possibility, 2014 may see more modest performance, although potential IPOs may give it a welcome nudge.