banking south africa

South Africa’s Banking Landscape: A Year of Transformative Change

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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!

south african rugby ackerley sports group

South African Rugby Poised for a Financial Game-Changer

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South African rugby is set to receive a significant financial boost with an anticipated $75 million investment from the Ackerley Sports Group, which aims to fortify rugby at all levels and broaden revenue sources. This investment will create a new epoch of financial soundness for South African rugby, with the Ackerley Sports Group acquiring a significant minority stake in the new Commercial Rights Corporation, safeguarding all present and future revenueearning assets of the Springboks and SARU. The Ackerley Sports Group’s deeprooted passion for sports excellence and wealth of experience is expected to bring immense value to South African rugby.