South Africa holds an outstanding role in the African banking industry. As of 2022, the aggregate tier 1 capital from the major South African banks reached **** billion U.S. dollars. The South African Standard Bank Group had alone a capital worth roughly **** billion U.S. dollars, ranking as the leading bank in the continent. Egypt, Morocco, Nigeria, and Kenya followed in terms of aggregate tier 1 capital, composing the main banking markets in Africa.

South Africa Cybersecurity for Financial Services Market is valued at USD 1.2 billion, driven by rising cyber threats, regulatory compliance, and digital banking adoption.

In the third quarter of 2023, the Gauteng province in South Africa had the highest number of finance employees, with over 1.2 million. The Western Cape and KwaZulu-Natal also concentrated high numbers of employees in the sector, with 474,000 and 437,000, respectively. Since the same quarter in 2022, each region in the country has made considerable employment growth in the finance industry.

The Middle-East and Africa Banking As A Service Market Report is Segmented by Type (API-Based BaaS, Cloud Based BaaS), by Service Type (payment Process Services, Digital Banking Services, KYC Service, Customer Support Services, Others), by Enterprise Size (SMEs, Large Enterprises), and by Region (South Africa, GCC, Egypt, Rest of Middle-East and Africa).

Actual value and historical data chart for South Africa Domestic Credit Provided By Banking Sector Percent Of GDP

Key information about South Africa Credit to Private Non-Financial Sector

• South Africa Credit to Private Non-Financial Sector was reported at 270.817 USD bn in Mar 2025
• This records an increase from the previous number of 260.067 USD bn for Dec 2024
• South Africa Credit to Private Non-Financial Sector data is updated quarterly, averaging 83.469 USD bn from Mar 1965 to Mar 2025, with 241 observations
• The data reached an all-time high of 342.072 USD bn in Jun 2011 and a record low of 6.909 USD bn in Mar 1965
• South Africa Credit to Private Non-Financial Sector data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.CNFS: F2 Credit from All Sector to Private Non-Financial Sector (PNFS): Market Value: USD

The set includes data files and Matlab code used in the production of outputs for banking network analysis. The code includes references to the source data files, whose names match the corresponding names in the code. The methodology is described in the PhD thesis, 'Systemic risk in banking and insurance with practical application to South African financial institutions' in Chapters 2-4.The three primary files, GivenSystemArticle_OverTimePhD_sorted_data.m, GivenSystemArticle_Repeats_on_variablesTP2.m and SystematicRiskCalcsPhD2001data_other_quantiles.m call the other Matlab files as sub-routines. All data used in the analysis is publicly available, primarily from the BA900 returns of the South African Reserve Bank (https://www.resbank.co.za/en/home/what-we-do/statistics/releases/banking-sector-information/banks-ba900-economic-returns). CET1 data is derived from the quarterly and annual reports of individual banks.

The South African banking sector is dominated by five major banks, Absa, Investec, Nedbank, FirstRand, and Standard Bank Group. As of March 2023, almost ** percent of the country's banking assets were held by those banks. Furthermore, local branches of foreign banks had just over *** percent of the banking sector's total assets.

As of September 2022, the South African banking industry's return on assets (ROA) reached **** percent. Compared to the previous year, this was slightly higher from **** percent. Return on asset (ROA) is used to assess profitability in relation to assets.

Abstract

Well-functioning financial systems serve a vital purpose, offering savings, credit, payment, and risk management products to people with a wide range of needs. Yet until now little had been known about the global reach of the financial sector - the extent of financial inclusion and the degree to which such groups as the poor, women, and youth are excluded from formal financial systems. Systematic indicators of the use of different financial services had been lacking for most economies.

The Global Financial Inclusion (Global Findex) database provides such indicators. This database contains the first round of Global Findex indicators, measuring how adults in more than 140 economies save, borrow, make payments, and manage risk. The data set can be used to track the effects of financial inclusion policies globally and develop a deeper and more nuanced understanding of how people around the world manage their day-to-day finances. By making it possible to identify segments of the population excluded from the formal financial sector, the data can help policy makers prioritize reforms and design new policies.

Geographic coverage

National Coverage.

Analysis unit

Individual

Universe

The target population is the civilian, non-institutionalized population 15 years and above. The sample is nationally representative.

Kind of data

Sample survey data [ssd]

Sampling procedure

The Global Findex indicators are drawn from survey data collected by Gallup, Inc. over the 2011 calendar year, covering more than 150,000 adults in 148 economies and representing about 97 percent of the world's population. Since 2005, Gallup has surveyed adults annually around the world, using a uniform methodology and randomly selected, nationally representative samples. The second round of Global Findex indicators was collected in 2014 and is forthcoming in 2015. The set of indicators will be collected again in 2017.

Surveys were conducted face-to-face in economies where landline telephone penetration is less than 80 percent, or where face-to-face interviewing is customary. The first stage of sampling is the identification of primary sampling units, consisting of clusters of households. The primary sampling units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households by means of the Kish grid.

Surveys were conducted by telephone in economies where landline telephone penetration is over 80 percent. The telephone surveys were conducted using random digit dialing or a nationally representative list of phone numbers. In selected countries where cell phone penetration is high, a dual sampling frame is used. Random respondent selection is achieved by using either the latest birthday or Kish grid method. At least three attempts are made to teach a person in each household, spread over different days and times of year.

The sample size in the majority of economies was 1,000 individuals.

Mode of data collection

Face-to-face [f2f]

Research instrument

The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup, Inc. also provided valuable input. The questionnaire was piloted in over 20 countries using focus groups, cognitive interviews, and field testing. The questionnaire is available in 142 languages upon request.

Questions on insurance, mobile payments, and loan purposes were asked only in developing economies. The indicators on awareness and use of microfinance insitutions (MFIs) are not included in the public dataset. However, adults who report saving at an MFI are considered to have an account; this is reflected in the composite account indicator.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country- and indicator-specific standard errors, refer to the Annex and Country Table in Demirguc-Kunt, Asli and L. Klapper. 2012. "Measuring Financial Inclusion: The Global Findex." Policy Research Working Paper 6025, World Bank, Washington, D.C.

South Africa BoP: Financial Account: Net Acquisition of Financial Assets: PI: Banking Sector data was reported at 6,847.000 ZAR mn in Mar 2018. This records an increase from the previous number of -8,777.000 ZAR mn for Dec 2017. South Africa BoP: Financial Account: Net Acquisition of Financial Assets: PI: Banking Sector data is updated quarterly, averaging 0.000 ZAR mn from Mar 1985 (Median) to Mar 2018, with 133 observations. The data reached an all-time high of 11,429.000 ZAR mn in Dec 2011 and a record low of -8,777.000 ZAR mn in Dec 2017. South Africa BoP: Financial Account: Net Acquisition of Financial Assets: PI: Banking Sector data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.JB004: BPM6: Balance of Payments: Financial Accounts.

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Banking, Financial Services And Insurance (BFSI) Security Market Size 2024-2028

The banking, financial services and insurance (BFSI) security market size is valued to increase USD 45.03 billion, at a CAGR of 12.16% from 2023 to 2028. Rise in cyber data breaches will drive the banking, financial services and insurance (BFSI) security market.

Major Market Trends & Insights

North America dominated the market and accounted for a 58% growth during the forecast period.
By Delivery Mode - Service segment was valued at USD 23.43 billion in 2022
By Type - Phycial security segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 139.96 billion
Market Future Opportunities: USD 45.03 billion
CAGR : 12.16%
North America: Largest market in 2022

Market Summary

The market is a dynamic and ever-evolving landscape, shaped by the continuous unfolding of market activities and evolving patterns. With the increasing reliance on digital technologies and the rise of cyber threats, the need for robust security solutions in the BFSI sector has become more critical than ever. According to recent reports, cyber data breaches in the BFSI industry have surged by 68% in the last two years, underscoring the urgency for effective security measures. Meanwhile, the adoption of the internet in the BFSI sector has accelerated, with over 70% of financial institutions now offering online services.
However, this shift to digital comes with a hefty price tag. The cost of implementing technological securities in the BFSI sector is projected to reach USD 15 billion by 2025, presenting both opportunities and challenges for market players. Core technologies such as artificial intelligence (AI), machine learning (ML), and blockchain are driving innovation in BFSI security, offering advanced threat detection and prevention capabilities. Regulations like the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS) are shaping the market, mandating stringent security measures for financial institutions. In summary, the BFSI Security Market is witnessing significant growth, fueled by the increasing adoption of digital technologies, the rising number of cyber threats, and regulatory compliance requirements.
Market players must navigate this complex landscape to capitalize on emerging opportunities and address the challenges that come with them.

What will be the Size of the Banking, Financial Services And Insurance (BFSI) Security Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Banking, Financial Services And Insurance (BFSI) Security Market Segmented and what are the key trends of market segmentation?

The banking, financial services and insurance (BFSI) security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Delivery Mode

  Service
  Solution


Type

  Phycial security
  Cyber security


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China


  Rest of World (ROW)

By Delivery Mode Insights

The service segment is estimated to witness significant growth during the forecast period.

The Banking, Financial Services and Insurance (BFSI) sector faces an increasing number of cybersecurity threats, necessitating the adoption of advanced security solutions. According to recent studies, the global BFSI security market is witnessing significant growth, with penetration testing emerging as a prominent service. Penetration testing involves simulating cyber-attacks on financial institutions' systems and infrastructure to identify vulnerabilities and weaknesses. This proactive approach enables banks and financial organizations to address security issues and enhance their overall security posture. Approximately 45% of financial institutions have already implemented penetration testing as part of their security strategy, and this number is projected to increase by 25% in the next two years.

Furthermore, the adoption of encryption algorithms, such as Advanced Encryption Standard (AES) and RSA, is on the rise, with over 60% of financial institutions using encryption for data protection. Secure coding practices, multi-factor authentication, and data loss prevention are other essential services gaining traction in the market. Financial crime prevention, including fraud detection systems and anti-money laundering, are also critical areas of focus, with transaction monitoring systems and behavioral biometrics being popular solutions. Compliance regulations, such as the General Data Protection Regulation (GDPR) and Payment Card Industry Data Security Standard (PCI

Techsalerator's Corporate Actions Dataset in South Africa offers a comprehensive collection of data fields related to corporate actions, providing valuable insights for investors, traders, and financial institutions. This dataset includes crucial information about the various financial instruments of all 10 companies traded on the Cape Town Exchange (4AXE).

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Top 5 used data fields in the Corporate Actions Dataset for South Africa:

• Dividend Declaration Date: The date on which a company's board of directors announces the dividend payout to its shareholders. This information is crucial for investors who rely on dividends as a source of income.

• Stock Split Ratio: The ratio by which a company's shares are split to increase liquidity and affordability. This field is essential for understanding changes in share structure.

• Merger Announcement Date: The date on which a company officially announces its intention to merge with another entity. This field is crucial for investors assessing the impact of potential mergers on their investments.

• Rights Issue Record Date: The date on which shareholders must be on the company's books to be eligible for participating in a rights issue. This data helps investors plan their participation in fundraising events.

• Bonus Issue Ex-Date: The date on which a company's shares start trading without the value of the bonus issue. This information is vital for investors to adjust their portfolios accordingly.

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Top 5 corporate actions in South Africa:

Mining and Resources Developments: South Africa's mineral wealth has led to corporate actions related to mining operations, exploration, and investments by both domestic and international companies.

Financial Sector Transformation: Developments in the financial sector, including new banking services, fintech innovations, and regulatory changes, have led to corporate actions that reshape the financial landscape.

Renewable Energy Investments: Corporate actions involving partnerships, joint ventures, and investments in renewable energy projects contribute to South Africa's transition to a more sustainable energy mix.

Telecommunications and Technology Advancements: Corporate actions involving telecommunications infrastructure development, technology adoption, and partnerships have been significant contributors to the country's connectivity and innovation.

Infrastructure Projects: Large-scale infrastructure projects such as transportation, energy facilities, and urban development often involve corporate actions including partnerships, joint ventures, and project financing.

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Top 5 financial instruments with corporate action Data in South Africa

Johannesburg Stock Exchange (JSE) Domestic Company Index: The main index that tracks the performance of domestic companies listed on the Johannesburg Stock Exchange. This index would provide insights into the performance of the South African stock market.

Johannesburg Stock Exchange (JSE) Foreign Company Index: The index that tracks the performance of foreign companies listed on the Johannesburg Stock Exchange, if foreign listings were present. This index would give an overview of foreign business involvement in South Africa.

MegaMart South Africa: A South Africa-based supermarket chain with operations in multiple regions. MegaMart South Africa focuses on providing essential products to local communities and contributing to the retail sector's growth.

FinLink South Africa: A financial services provider in South Africa with a focus on promoting financial inclusion and access to banking services, particularly among underserved communities.

AgriTech South Africa: A company dedicated to advancing agricultural technology in South Africa, focusing on optimizing crop yields and improving food security to support the country's agricultural sector.

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If you're interested in accessing Techsalerator's End-of-Day Pricing Data for South Africa, please contact info@techsalerator.com with your specific requirements. Techsalerator will provide you with a customized quote based on the number of data fields and records you need. The dataset can be delivered within 24 hours, and ongoing access options can be discussed if needed.

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Data fields included:

Dividend Declaration Date Stock Split Ratio Merger Announcement Date Rights Issue Record Date Bonus Issue Ex-Date Stock Buyback Date Spin-Off Announcement Date Dividend Record Date Merger Effective Date Rights Issue Subscription Price ‍

Q&A:

How much does the Corporate Actions Dataset cost in South Africa?

The cost of the Corporate Actions Dataset may vary depending on factors such as the number of data fields, the frequency of updates, and the total records count. For precise pricing details, it is recommended to directly consult with a Techsalerator Data specialist.

How complete is the Corporate Actions Dataset coverage in South Af...

Graph and download economic data for Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for South Africa (ZAFFCLOFXDC) from 2004 to 2017 about finance companies, South Africa, companies, finance, liabilities, deposits, financial, and services.

The objective of the thesis is to analyse and understand the interaction between the banking sector and the economy in South Africa. To do so, we evaluate the historical evolution of productivity in the South African banking industry in chapter 2, by calculating a measure of productivity through a descriptive exercise. In chapter 3, we introduce labour dynamics of the banking industry by developing a model that links the productivity of the banking sector and macroeconomic outcomes. In chapter 4, we analyse how banking sector regulation affects the relationship between the banking sector and the macroeconomy and the contribution of banking sector regulation in determining efficiency of the sector.

South Africa Digital Banking and Open Finance Market valued at USD 5 billion, driven by fintech adoption, AI, blockchain, and cashless transactions for growth.

South Africa BoP: Financial Account: Net Incurrence of Liabilities: PI: Private Non Banking Sector data was reported at 15,752.000 ZAR mn in Jun 2018. This records a decrease from the previous number of 34,863.000 ZAR mn for Mar 2018. South Africa BoP: Financial Account: Net Incurrence of Liabilities: PI: Private Non Banking Sector data is updated quarterly, averaging 3,281.000 ZAR mn from Mar 1985 (Median) to Jun 2018, with 134 observations. The data reached an all-time high of 54,129.000 ZAR mn in Dec 2017 and a record low of -30,178.000 ZAR mn in Jun 2001. South Africa BoP: Financial Account: Net Incurrence of Liabilities: PI: Private Non Banking Sector data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.JB004: BPM6: Balance of Payments: Financial Accounts.

South Africa Universal Banking Market is driven by the rise of financial technology (fintech) startups, and the demand for personalized banking experiences are shaping the future.

As of September 2022, the net interest margin for the South African banking industry reached **** percent, up from **** percent in December of the previous year. The index is calculated using the interest income minus the interest paid divided by interest-earning assets.