![]() However, in 2000 a new player entered the industry, called Capitec, which started establishing branches rapidly. The banking industry in South Africa was no exception for decades the industry was dominated by “the Big Four” (Standard, FNB, Nedbank, and Absa). In some countries, people change spouses more often than they change banks. ![]() The consumer banking industry is notoriously difficult to enter, not least because most customers rarely switch banks.
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