Real Estate, Finance & Business Services

Career Planet — Sun, 18 Nov 2018 15:07:07 +0000

South Africa’s financial sector is very sophisticated despite the country’s “emerging market” status. The strong financial sector is built on a foundation of concrete legal and physical infrastructures that promise stable economic growth. South Africa has recently survived a recession and has come out in a pretty solid position.
Financial, real estate and business sector services are the pillar of South Africa’s economic growth and made it on our list as one of the fastest growing industries in South Africa. Many domestic and foreign institutions already provide a full range of services from commercial and retail, to merchant banking, mortgage lending and insurance, as well as investments. When compared to even the best-industrialized countries, South Africa’s banking sector is a tough competitor.

South Africa’s financial services sector boasts dozens of domestic and foreign institutions providing a full range of services including commercial, retail and merchant banking, mortgage lending, insurance and investment.

The South African banking system is well developed and effectively regulated, comprising a Central Bank, a few large, financially strong banks and investment institutions, and a number of smaller banks. Investment and merchant banking is competitive.

The country’s banking sector compares favourably with those of industrialised countries. Many foreign banks and investment institutions have set up operations in South Africa over the past decade. Electronic banking facilities are extensive, with a nationwide network of ATMs and internet banking facilities available.

Information sources:

Brand South Africa

STATS SA

focus: Real Estate, Finance & Business Services – Career Planet

Real Estate, Finance & Business Services