South Africa’s newest bank going after people earning R15,000 to R50,000 a month

BusinessTech | 25-09-2026 08:00am |

Old Mutual is launching a new bank in South Africa to compete with the country's largest banks. The bank will target individuals earning between R15,000 and R50,000 per month, a lucrative segment. This move marks Old Mutual's entry into the banking sector, aiming to capture a significant share of the market.

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