Latest Intelligence on Financial Services in South Africa

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Type Product title / description Pub Price
CommentWire
CommentWire

Man Group: seeking diversification in derivatives

Man Group's purchase of leading derivatives broker GNI from Old Mutual will create the world's largest independent futures broker. Man Group has profited well from the growth in hedge funds to become a giant in this sector, but as demand for such alternative investment is weakening, diversifying away from its core business looks like a strong plan.

Published By Datamonitor
22 Oct 2002
CommentWire
CommentWire

AMP: selling the leaking boat before it floats?

Old Mutual [OML.L] is reportedly lining up a GBP1.5 billion bid that could put AMP's plans to float its northern hemisphere business on hold. Old Mutual's expansion outside of South Africa is in stark contrast to AMP's retrenchment to its home markets. Indeed, the weakened AMP group might even attract bids for more than just its UK operations.

Published By Datamonitor
23 Jul 2003
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Absolute Systems offers a payment switch for deposits in South Africa

Absolute Systems, a South African ATM software developer, has launched Imali, a payment switch for secure deposits, consisting of a switch and a strongbox for use in secure environments to which small retailers have access. The attractions of the Imali service are security, since the cash becomes the responsibility of the bank once it is in the strongbox, and also its real-time capability.

Published By Datamonitor
31 Jul 2008
CommentWire
CommentWire

Standard Chartered: sets it sights on specialty clients

Standard Chartered has launched two client initiatives to tap into the wealthy Australian expatriate market in Europe and to target sports professionals. These customers represent very attractive markets for private banks to capture, but providers will need to clearly understand their unique needs in order to succeed.

Published By Datamonitor
17 Jul 2009
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Middle East and Africa wealth markets are dwarfed by Europe or Asia but will grow three times faster

Global oil demand was one of the biggest wealth drivers in the GCC, especially in the more oil-dependent countries of Bahrain and Saudi Arabia where the hydrocarbon industry accounts for the vast majority of GDP. South Africa's wealth market, on the other hand, is driven by manufacturing and services, and therefore the region's future growth is tied to the performance of the world's economies.

Published By Datamonitor
31 Jan 2012
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Mobile banking boom expected in Nigeria

A number of recent announcements suggest that Nigeria is set for a mobile banking boom, with several banks looking to secure a share of previously unbanked or underbanked consumers. The latest announcements from First Bank and Standard Chartered suggest that the popularity of mobile banking in Africa is spreading beyond Kenya.

Published By Datamonitor
21 Feb 2012
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South Africa sees its wealth market growth prospects undermined by eurozone crisis

The South African wealth market is the largest in the Middle East and Africa, accounting for nearly 36% of the region's total value of liquid assets held by affluent individuals in 2011. South Africa is, however, forecasted to have the lowest growth prospects in the region, and will see its market value rise to only $265bn by 2015.

Published By Datamonitor
20 Mar 2012
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South African Bank Absa joins the long list of banks with branch "test labs"

Many banks are opening concept or flagship branches in high profile, central locations in order to showcase the latest trends and developments in technology and design. Absa, a South African banking group, announced that its test lab will allow it to create a more interactive environment for customers while promoting and testing new ways of banking.

Published By Datamonitor
27 Jun 2012
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HNW offshore investment: it's not just about tax

Tax efficiency and the availability of better investment options overseas are the top two drivers of HNW offshore investment globally. With growing regulatory pressure on offshore centers, the appeal of investing offshore for tax purposes alone is set to become increasingly limited. Wealth managers need to understand other key drivers for offshore investment and target their offerings accordingly.

Published By Datamonitor
06 Dec 2012
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Mobile POS: not just for rich countries

ABSA and Bank of America have both recently launched mobile POS services allowing small business customers to accept card payments using a smartphone. These rollouts in two very different markets highlight the growing popularity of mobile POS devices. Datamonitor research suggests that the opportunities for mobile POS are strongest in developing countries.

Published By Datamonitor
17 Dec 2012

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