South Africa’s banking scene is shaking things up in exciting ways! Old Mutual is gearing up to launch a new bank in 2025, ready to compete with big names like FirstRand and Absa. Meanwhile, HSBC is stepping back to focus on Asia, letting FirstRand take over its local operations. This means more choices and fresh ideas for customers, as banks adapt to the changing landscape. With lots of money and a strong plan behind Old Mutual, the future looks bright and full of possibilities for South African banking!
