Capitec given approval for acquisition of Mercantile Bank - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Capitec currently operates as a retail bank and has had some success in penetrating the lower end of that market.

The Competition Tribunal has approved Capitec Bank’s acquisition of Portuguese-owned Mercantile Bank. This allows Capitec to enter the business banking market. The Tribunal says the proposed merger does not raise any competition or public interest concerns. Capitec currently operates as a retail bank and has had some success in penetrating the lower end of that market.

The Tribunal says Mercantile Bank provides a specialised range of secure products and services such as electronic banking, borrowing solutions, investment and insurance solutions.

👊🏾

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Typo on Aussie $50 brings blushes for central bank | IOL NewsThe script is barely legible to the naked eye and the Reserve Bank of Australia may have got away with it, were it not for one eagle-eyed radio listener. Those meddling kids! Spelling error is on purpose to check (1) whether people are alert enough to read what is written on bank note (2) whether people still remember correct spelling of responsibility (3) whether people are curious enough to investigate further after finding 2 mistakes ! Passed ! We told you not to spell check with realDonaldTrump but did you listen NO!
Source: IOL - 🏆 46. / 51 Read more »

Typo on Aussie $50 brings blushes for central bank
Source: ewnupdates - 🏆 30. / 53 Read more »

What's the best thing to do: save more or pay off debtOPINION | The simplest form of saving is through a fixed deposit at a bank, where the rate of interest that the bank pays you is typically linked to the repo rate, the rate at which banks borrow from the South African Reserve Bank and currently at 6.75%.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Deutsche Bank to face angry shareholders at AGMExecutives at Germany’s biggest lender could have their names added to a list of managers denied investor backing, say sources
Source: BDliveSA - 🏆 12. / 63 Read more »

Fringe parties lost at the ballot box and the bankA record number of political parties contested the elections, but in the end it was the Independent Electoral Commission (IEC) that smiled all the way to the bank.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Standard Bank to fund large chunk of Mozambican LNG projectLender says it will advance a substantial sum to Anadarko’s imminent $20bn project
Source: BDliveSA - 🏆 12. / 63 Read more »

Zambia digital drive to boost Standard BankStandard Bank's R670m digital drive in Zambia hopes to tap unbanked
Source: BDliveSA - 🏆 12. / 63 Read more »

Another former Danske Bank executive faces money-laundering chargesManager's prosecution brings the number of executives in the case to nine
Source: BDliveSA - 🏆 12. / 63 Read more »

EXCLUSIVE: RMB and Nedbank will not be involved in Tongaat’s operationsRMB CEO James Formby says the bank has no plans to seek board representation
Source: BDliveSA - 🏆 12. / 63 Read more »

Bank behaving badly? The ombud can help get your cash backOf the more than 7,000 cases that the Banking Services Ombudsman of SA’s office closed in 2018, more than a third related to some form of maladministration - a deviation from a bank’s procedures causing customers “a loss, distress or inconvenience”.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Bank behaving badly? The ombud can help get your cash backOf the more than 7,000 cases that the Banking Services Ombudsman of SA’s office closed in 2018, more than a third related to some form of maladministration - a deviation from a bank’s procedures causing customers “a loss, distress or inconvenience”.
Source: SowetanLIVE - 🏆 13. / 63 Read more »