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New bank coming to South Africa with thousands of branches | SA News

Luke Fraser
 ·26 May 2026

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Pepkor is set to launch a new bank in the near future, leveraging its already massive store base across the country.

The group, which owns the Pep, Ackermans, Legit and OK Furniture brands, recently acquired regulatory approval, subject to certain conditions, from the Prudential Authority to establish a bank in South Africa.

The group also acquired CloudBadger Technologies, a financial services platform, in October 2025 to help build its banking services.

Pepkor…

Air Travel: South Africa has several international airports, including OR Tambo
International Airport in Johannesburg, which is the busiest in Africa.

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  1. South Africa is such a great country and an African Sunset is on my bucket list, do you have any accommodation and/or tour recommendations for the Cape Town Area?