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mylesillidge
Journalist
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- Jul 29, 2021
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Big announcement about Capitec rival
The latest entrant in South Africa's crowded banking sector aims to break even in 2028.
OM Bank, set up by Old Mutual Ltd., received its license from the South African Reserve Bank's Prudential Authority on Friday, Old Mutual's Chief Executive Officer Iain Williamson said in an interview Tuesday.
[Bloomberg]
The latest entrant in South Africa's crowded banking sector aims to break even in 2028.
OM Bank, set up by Old Mutual Ltd., received its license from the South African Reserve Bank's Prudential Authority on Friday, Old Mutual's Chief Executive Officer Iain Williamson said in an interview Tuesday.
[Bloomberg]