South African banking News

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• Sasfin Wealth Rebrands as Otto1890 Following JSE Delisting and Total Exit from South African Banking Sector

  Published: Mar 25, 2026

  Section: Banking & Finance

  Historic financial giant Sasfin Wealth has officially rebranded as Otto1890, honoring its 136-year heritage as the broader Sasfin Group relinquishes its banking license and exits t...

• FirstRand Braces for UK Regulatory Hit with R5.8 Billion Provision Amid Strong Profits

  Published: Mar 7, 2026

  Section: Banking & Finance

  South African banking giant FirstRand has allocated £240 million (approximately R5.8 billion) to cover potential liabilities stemming from a landmark legal dispute in the United Ki...

• Nedbank Targets East African Growth with R13.9 Billion Acquisition of Kenya’s NCBA

  Published: Mar 7, 2026

  Section: Mergers & Acquisitions

  Nedbank Group has announced a strategic move to acquire a controlling 66% stake in Kenya’s NCBA, a deal valued at approximately R13.9 billion. The acquisition signals a major shift...

• Nedbank Forecasts Substantial Earnings Decline Following R1.8 Billion Divestiture of International Operations

  Published: Feb 28, 2026

  Section: Global Economy

  Nedbank Group has notified shareholders of an expected decline in headline earnings for the upcoming financial period. This fiscal shift follows the strategic sale of its internati...