Summary
Banks in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The South African banking industry recorded assets of $447.2 billion in 2024, representing a compound annual growth rate (CAGR) of 1.9% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $305.8 billion, equivalent to 68.4% of the industry's overall value.
- The growth of the South African banking industry is strongly driven by the expanding economy, which fuels demand for credit, deposits, and other banking services.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in South Africa
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa banks market with five year forecasts
Reasons to Buy
- What was the size of the South Africa banks market by value in 2024?
- What will be the size of the South Africa banks market in 2029?
- What factors are affecting the strength of competition in the South Africa banks market?
- How has the market performed over the last five years?
- Who are the top competitors in South Africa's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Standard Bank Group Ltd
8.2. FirstRand Ltd
8.3. Absa Bank Ltd
8.4. Nedbank Group Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Africa banks industry value: $ billion, 2019-24
Table 2: South Africa banks industry category segmentation: % share, by value, 2019-24
Table 3: South Africa banks industry category segmentation: $ billion, 2019-24
Table 4: South Africa banks industry geography segmentation: $ billion, 2024
Table 5: South Africa banks industry value forecast: $ billion, 2024-29
Table 6: South Africa banks industry share: % share, by value, 2024
Table 7: Standard Bank Group Ltd: Key Facts
Table 8: Standard Bank Group Ltd: Annual Financial Ratios
Table 9: Standard Bank Group Ltd: Key Employees
Table 10: FirstRand Ltd: Key Facts
Table 11: FirstRand Ltd: Annual Financial Ratios
Table 12: FirstRand Ltd: Key Employees
Table 13: Absa Bank Ltd: Key Facts
Table 14: Absa Bank Ltd: Annual Financial Ratios
Table 15: Absa Bank Ltd: Key Employees
Table 16: Nedbank Group Ltd: Key Facts
Table 17: Nedbank Group Ltd: Annual Financial Ratios
Table 18: Nedbank Group Ltd: Key Employees
Table 19: South Africa Size of Population (Million), 2020-23
Table 20: South Africa Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 21: South Africa GDP (Current Prices, $ Billion), 2020-24
Table 22: South Africa Inflation, 2020-23
Table 23: South Africa Consumer Price Index (Absolute), 2020-24
Table 24: South Africa Exchange Rate, 2019-24
List of Figures
Figure 1: South Africa banks industry value: $ billion, 2019-24
Figure 2: South Africa banks industry category segmentation: $ billion, 2019-24
Figure 3: South Africa banks industry geography segmentation: % share, by value, 2024
Figure 4: South Africa banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in South Africa, 2024
Figure 6: Drivers of buyer power in the banks industry in South Africa, 2024
Figure 7: Drivers of supplier power in the banks industry in South Africa, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in South Africa, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in South Africa, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in South Africa, 2024
Figure 11: South Africa banks industry share: % share, by value, 2024
