18-652: [REDACTED] African Banking Corporation bank note issued between 1900 and 1920 in the Transvaal The African Banking Corporation was a British overseas bank; its headquarters were in London but all its branches were overseas. Unusually, it was a consortium bank (i.e., other banks jointly owned it), rather than being owned by individuals. It operated primarily in South Africa . In 1920
36-517: A branch in Tangier . In 1892 ABC took over the banking operations in Lagos, Nigeria of shipping company Elder Dempster . George Neville of Elder Dempster became the branch manager, but within a year ABC wished to withdraw from Lagos. In 1893 ABC sold its branch in Lagos to the newly created Bank of British West Africa (BBWA), established by A.L. Jones and Elder Dempster. In 1894 ABC transferred
54-534: A new constitution subdivided it following the end of apartheid . The name "Transvaal" refers to the province's geographical location to the north of the Vaal River . Its capital was Pretoria , which was also the country's executive capital. In 1910, four British colonies united to form the Union of South Africa . The Transvaal Colony , which had been formed out of the bulk of the old South African Republic after
72-680: The Golden Lions (formerly Transvaal ) formed in 1889. The Orlando Pirates Football Club was founded in 1937 and was originally based in Orlando, Soweto and Kaizer Chiefs were founded in January 1970. In the same year, Mamelodi Sundowns F.C. originated from Marabastad, a cosmopolitan area north west of the Pretoria CBD in the early 1960s. Cricket teams from the former Transvaal include Transvaal (later Gauteng ) which represented
90-748: The Second Boer War , became the Transvaal Province in the new union. Half a century later, in 1961, the union ceased to be part of the Commonwealth of Nations and became the Republic of South Africa . The PWV (Pretoria- Witwatersrand - Vereeniging ) conurbation in the Transvaal, centred on Pretoria and Johannesburg , became South Africa's economic powerhouse, a position it still holds today as Gauteng Province. In 1994, after
108-725: The Vaal River in the south, and the Limpopo River in the north, roughly between 22 + 1 ⁄ 2 and 27 + 1 ⁄ 2 S, and 25 and 32 E. To its south it bordered with the Orange Free State and Natal provinces, to its west were the Cape Province and the Bechuanaland Protectorate (later Botswana ), to its north Rhodesia (later Zimbabwe ), and to its east Portuguese East Africa (later Mozambique ) and Swaziland . Except on
126-461: The 2015 Chief Financial Officer's Report. Of these customers, 309 000 are online banking customers and 3.5 million are mobile banking customers. According to the annual results for the 2015 financial year, the asset base of Capitec Bank was in excess of R53.9 billion, with R11.6 billion in equity, and with retail savings deposits increasing by 32 percent for the year to R19.3 billion and retail fixed savings increasing by 19 percent to R10.7 billion for
144-592: The 20th century Trading companies established in the 19th century Trading companies of the United Kingdom Transvaal Province The Province of the Transvaal ( Afrikaans : Provinsie van Transvaal ), commonly referred to as the Transvaal ( / ˈ t r ɑː n s v ɑː l , ˈ t r æ n s -/ ; Afrikaans: [ˈtransfɑːl] ), was a province of South Africa from 1910 until 1994, when
162-705: The South African landscape. Districts of the province and population at the 1991 census. The province was divided into a number of sporting teams. These teams were renamed after the Transvaal became defunct, however their traditional territories have remained unchanged in many cases, even though they overlap the boundaries of the Transvaal's successor provinces. Examples of this include the Blue Bulls (formerly Northern Transvaal ), which governs rugby in Pretoria (now part of Gauteng) and Limpopo Province, and
180-1686: The Standard Bank in South West Africa. Cape Town: W.J. Flesch & Partners. ^ Terry, Carolyn. 1978. The Desert Bankers: The Story of the Standard Bank in South West Africa. Cape Town: W.J. Flesch & Partners. v t e Banks of South Africa [REDACTED] Central bank South African Reserve Bank Big four commercial banks Absa First National Bank Nedbank Standard Bank Investment banks Investec Rand Merchant Bank Other African Bank Bidvest Bank Capitec Bank Development Bank of Southern Africa FirstRand Grindrod Bank Imperial Bank South Africa Land and Agricultural Development Bank of South Africa Postbank Sasfin Bank Ubank Defunct 20Twenty African Banking Corporation Allied Bank Colesberg Bank NBS Permanent Bank Saambou Trustbank United Bank VBS Mutual Bank Volkskas Retrieved from " https://en.wikipedia.org/w/index.php?title=African_Banking_Corporation&oldid=1152153550 " Categories : Defunct banks of South Africa British overseas banks Banks established in 1890 Banks disestablished in 1920 History of Lagos British companies disestablished in 1920 British companies established in 1890 Trading companies disestablished in
198-446: The Transvaal Province was subdivided into regions for a number of purposes (such as municipal and district courts, and sporting divisions). These divisions included Northern Transvaal (present-day Limpopo and Pretoria), Eastern Transvaal (currently Mpumalanga ), Western Transvaal (currently part of North West Province ) and Southern Transvaal (now Gauteng Province, but which also includes Pretoria). The Transvaal province lay between
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#1732779583041216-735: The bank was bought out and merged with Standard Bank of South Africa . History [ edit ] In 1890 Lloyds Bank , National Provincial , Westminster , and Standard Bank of South Africa established the African Banking Corporation (ABC). ABC began its operations with a branch in Lagos , Nigeria . In 1891 ABC acquired a number of banks in South Africa ;: Western Province Bank (est. 1847), Kaffrarian Colonial Bank (est. 1862), and Worcester Commercial Bank (est. 1850). That same year, it also established
234-457: The best bank in the world by International banking advisory group Lafferty in its inaugural Bank Quality Rankings. As of February 2017 "the majority, more than 5.5 million, of Capitec clients pay[ed] less than R50 per month in bank costs." The bank operates as a retail bank that serves both individuals and businesses. They also provides business banking for close corporations, companies, partnerships or trusts. It claims to focus on simplifying
252-810: The branches in Lagos and Tangier to BBWA. In 1900, or possibly shortly thereafter, ABC established an agency in New York. In 1915 ABC established a branch in Lüderitz Bay , South-West Africa , as South Africa took over German South-West Africa , but closed it the next year. In 1920 ABC opened a branch in Windhoek , South-West Africa, but later that year Standard Bank of South Africa acquired ABC. References [ edit ] ^ Orbell, John, and Alison Turton. 2001. British Banking: A Guide to Historical Records . (Aldershot: Ashgate). ^ Terry, Carolyn. 1978. The Desert Bankers: The Story of
270-518: The fall of apartheid , the former provinces were abolished, and the Transvaal ceased to exist. The south-central portion (including the PWV) became Gauteng , the northern portion became Limpopo and the southeastern portion became Mpumalanga . Most of the North West came from the southwestern portion of the old Transvaal, and a tiny segment of the Transvaal joined KwaZulu-Natal . Even before 1994,
288-537: The south-west, these borders were mostly well defined by natural features. Several Bantustans were entirely inside the Transvaal: Venda , KwaNdebele , Gazankulu , KaNgwane and Lebowa . Parts of Bophuthatswana were also in the Transvaal, with other parts in Cape Province and Orange Free State . Within the Transvaal lies the Waterberg Massif , a prominent ancient geological feature of
306-719: The southern parts of the province, and Northern Transvaal (later Northerns ) that represents the northern parts of Gauteng, including Pretoria, as well as areas further north. 25°S 30°E / 25°S 30°E / -25; 30 Capitec Bank Capitec Bank is a South African retail bank and financial services company. As of February 2024 the bank was the largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month. The bank maintains 850 retail branches nationwide, 3418 own or partnership ATMs and has over 6.2 million customers, according to
324-576: The year. Earnings and headline earnings for the 2015 financial year amounted to R2.547 billion compared to R2.017 billion in 2014, and net transaction fee income amounted to R2.6 billion. The bank offers its clients the Global One account, which is a transacting/savings account and credit facility rolled into one. When it comes to customer satisfaction as per the results by South African Customer Satisfaction Index (SAcsi) in 2015, Capitec Bank comes first with 82.2 points. Capitec Bank has emerged as
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