South African Banking Sector Analysis

South African banking sector is well-developed and highly liberalized. It is one of the largest and most deregulated sectors within the emerging markets. The sector is experiencing significant growth, defying the global economic slowdown. The banking assets grew at a CAGR of around 19% between 2002 and 2008, far higher than witnessed by the global banking industry, says “South African Banking Sector Analysis”, a recent report by RNCOS.

Our findings show that the South African banks have largely been protected from the direct effects of the global financial crisis. Domestic banks did not invest heavily in high-risk securities or complex instruments, and have maintained a traditional and relatively conservative banking model. They have maintained high lending standards and enjoyed high profitability for a number of years. With low levels of foreign funding, the banks have limited activity outside the African continent.

We have also found that future of the banking sector lies mainly in personal banking (especially the lower end of the market) and the small and medium-sized business sector. The banks need to focus more on expansion in the domestic economy in the coming years. Given the recent boom in mobile phones and internet accessibility, another key area for growth will be the telephone and internet banking.

Our report “South African Banking Sector Analysis” provides detailed analysis of the banking sector in South Africa. It gives deep insight into each of the banking parameters like assets, loans, deposits and payment instruments. Most importantly, the report gives future outlook for each of the important industry aspects (assets, loans, deposits etc) considering the effects of the global economic crisis on base drivers, opportunities and challenges faced by the banking sector.

Additionally, the report contains detailed information of key industry players (both domestic and foreign), their business strategies and their market share. The key players discussed are ABSA Group Limited, FirstRand Limited, Nedbank Group Limited, Investec Limited, Citibank N.A., JPMorgan Chase & Co., Deutsche Bank and ABN AMRO Holding N.V.

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.