Capitec and FNB are the only two South African banks that have expanded their branch network in the past five years, whereas Absa, Nedbank, and Standard Bank have reduced their physical footprint.
Overall, the number of branches operated by South Africa’s five largest banks has decreased by less than 1% since 30 June 2020, from 3,193 to 3,167.
However, this was because Capitec and FNB increased their branch footprints by 2.2% and 4.3% respectively. Capitec’s branches grew from 863 to 882, while FNB’s increased from…
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lunar treat
Fun South African Fact: Some of the earliest evidence of human evolution has been unearthed at fossil sites northwest of Johannesburg in the Sterkfontein Caves! Archaeologists have discovered human remains here, some of which are more than 2 million years old! These discoveries have earned the area the title of “the Cradle of Humankind” which is now a UNESCO World Heritage Site.
Roadspike
Gogga – bug [ch-o-cha] The ‘g’ is pronounced as ‘ch’ in the back of the throat (think Scottish “Loch”) and is used to describe a bug or insect.