HSBC shifts South Africa customers to FirstRand and Absa
HSBC winds down in SA, transfers ops to FirstRand, Absa
HSBC is winding down its operations in South Africa, with FirstRand Bank set to take over its branch businesses, while its securities and equities operations will be transferred to Absa. The British finance institution has serviced South Africa for nearly 30 years.
HSBC shifts South Africa customers to FirstRand and Absa, as it exits the country
HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, as it exits from the country entirely amid a wider pivot towards Asia.
FirstRand Acquires HSBC’s South African Operations In Strategic Deal
Africa’s largest financial institution by market capitalisation, has announced that it will acquire the clients, banking assets, liabilities, and employees of HSBC Bank plc’s (HSBC) South African bran
HSBC to Exit South African Market With Sale of Unit to FirstRand
HSBC Holdings Plc agreed to sell its South African corporate branch unit to FirstRand Ltd. as part of its ongoing strategy to dispose of non-core assets.
HSBC in talks to sell South African unit to FirstRand, Bloomberg News reports
HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand , the country's largest lender by market value, Bloomberg News reported on Friday, citing people with knowledge of the matter.
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Banking shake-up: HSBC exits South Africa amid arrival of new players
On Thursday, FirstRand Limited confirmed that HSBC Bank plc (HSBC) will transfer its clients, its banking assets, liabilities ...
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Over 1,000 businesses shut their doors in South Africa in 2024
South Africa has seen over 1,000 businesses liquidate in the first eight months of 2024. According to Stats SA, the total ...
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HSBC to exit SA market with sale of unit to FirstRand
HSBC has been operating in South Africa since 1995. The company recently sold its retail and business banking units in ...
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Unpacking HSBC's exit: What it says about banking and SA
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 ...
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Major international bank quits South Africa
UK-based HSBC has concluded an agreement to transfer its South African operations to FirstRand and Absa, marking its exit ...
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FIRSTRAND LIMITED – FirstRand takes transfer of clients, assets and liabilities and employees of HSBC South Africa branch
Shareholders are referred to the following media release issued by FirstRand today.
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Matfield pips Etzebeth to become ‘best Bok of all time’ as lock nears Springboks caps record
Victor Matfield, a fierce competitor during his playing days, was known for leaving no advantage for his opponents.