South Africa getting four new banks

[Shaun Jacobs]

South Africa getting four new banks

South Africa's banking sector is set for a shakeup with four new entrants potentially launching this year.

 

[blah99]

1. Old Mutual Bank

The only worthwhile one.

2. YWVN Bank (100% black women owned)

No thank you.

3. Post Bank

Is this a joke????

4. South Africa Innovative Financial Services Cooperative (Launched by The Department of Women, Youth and Persons with Disabilities)

P!SS OFF!!!!

 

[The Worker]

All these banks are likely to fail in the short term.

 

[rh1]

All these banks are likely to fail in the short term.

Old mutual might be able to last. But I seem to have recall seeing old mutual bank branches?

 

[epah]

4. South Africa Innovative Financial Services Cooperative (Launched by The Department of Women, Youth and Persons with Disabilities)

P!SS OFF!!!!

Wow, The DEI bank, would never support a bank that endorses all those causes. Gross..

 

[ToxicBunny]

Wow, The DEI bank, would never support a bank that endorses all those causes. Gross..

It's also a stokvel effectively so you'd have fsck all protection for your money.

No thanks

 

[Corelli]

1. Old Mutual Bank

The only worthwhile one.

2. YWVN Bank (100% black women owned)

No thank you.

3. Post Bank

Is this a joke????

4. South Africa Innovative Financial Services Cooperative (Launched by The Department of Women, Youth and Persons with Disabilities)

P!SS OFF!!!!

Honestly they are all rubbish.

All want to be like capitec with no real benefits

 

[Corelli]

Old mutual might be able to last. But I seem to have recall seeing old mutual bank branches?

They had a bank before but it flopped, then they pushed everything to Nedbank, then sold it off.

Currently their money account uses Bidvest, but Bidvest has been bought by the Nigerians.

 

[richjdavies]

Old Mutual has a bunch of branches and operates transactional accounts (via bidvest).

So probably won't change much with their license? Right?

The others... Sheesh!

 

[Mike Hoxbig]

All these banks are likely to fail in the short term.

Likely? They will all fail, except maybe Old Mutual.

At least the wokies are finally talking with their money, let's see whether being vocal represents the majority of people...

 

[Calkem]

I genuinely wish them all of the best.

 

[Jet-Fighter7700]

more ANC looting like VBS and perm bank that failed.

 

[newklear]

Let's start a MVP myBB bank!

 

[Bliksis]

South Africa getting four new banks

South Africa's banking sector is set for a shakeup with four new entrants potentially launching this year.

Shake up?

LOL Shaun go shake your stompie rather.

 

[3WA]

YWVN Bank (100% black women owned)

When it’s 2AM and you’re trying to swipe for R17k at a strip club and you get a text from your bank saying “Oh hell, you better not be at Teazers, you useless piece of schit!”

 

[purple face]

They shouldn't open anymore banks with Land expropriation here who is going to pay back house that's taken away from you. Can you imagine being told to pay for a house you cant live in?

 

[Bill Clitnon]

2. YWVN Bank (100% black women owned)

No thank you.

Pffffft

Money would be safer if thrown into a fire.

 

[Ninja'd]

Wow, The DEI bank, would never support a bank that endorses all those causes. Gross..

I don't understand why not. You're included there with the Mental Disabilities.

 

[FiestaST]

More color/colour needed.

index

Young Women in Business Network (YWBN) is a Broad-Based Black Economic Empowerment (B-BBEE) association seeking to economically empower Women and Men in South Africa, through networking, business development and investment initiatives. YWBN is owned, controlled and managed by women for women...

www.ownthebank.co.za

 

[Bliksis]

More color/colour needed.

index

Young Women in Business Network (YWBN) is a Broad-Based Black Economic Empowerment (B-BBEE) association seeking to economically empower Women and Men in South Africa, through networking, business development and investment initiatives. YWBN is owned, controlled and managed by women for women...

www.ownthebank.co.za

View attachment 1790840

That sounds like generic word salad PR spin.