What is Financial Service?
Financial services are a broad range of more specific activities such as banking, investing, and insurance. Financial services are limited to the activity of financial services firms and their professionals, while financial products are the actual goods, accounts, or investments they provide.
Top Financial Service Companies In South Africa
STANLIB.
The Purple Group Limited.
Transaction Capital Limited.
Trustco Group Holdings.
UBank.
Waxbill Capital.
WesBank. WesBank is a division of FirstRand Bank Limited and has become the leader in asset-based finance solutions in South Africa
Wonga.
What is the largest financial services company in South Africa?
Standard Bank Group
Standard Bank, South Africa’s largest bank, offers a variety of retail and commercial banking, corporate and investment banking, investment management, and life insurance services through about 700 locations in its home country.
What is the financial service sector in South Africa?
The financial services sector is at the heart of the South African economy and touches the life of each and every citizen. Financial services allow people to make daily economic transactions, save and preserve wealth to meet future aspirations and retirement needs and insure against personal disaster.
How big is the financial services industry in South Africa?
The South African banking industry is the largest on the African continent. In 2021, the combined tier 1 capital of the sector reached over 34.4 billion U.S. dollars.