South Africa’s Banks Maintain Stronghold Amid Economic Struggles: Standard Bank Still on Top of Africa, FirstRand Follows
Despite facing significant economic challenges, South Africa remains the epicenter of Africa's banking industry. The six South African banks, led by the big four—Standard Bank Group, FirstRand, Absa Group, and Nedbank Group—comprise half of the continent's total asset and Tier 1 capital base. For the second consecutive year, South Africa's...