South african banks
FirstRand cuts fees as 'war' with new rivals escalates
FirstRand's move, announced on Thursday, to cut fees and up rewards on its current accounts from July follows similar decisions by competitors like Standard...
It will be first time the $30 billion industry has faced competition since the early 2000s, when Capitec Bank muscled into a sector dominated by Absa, FirstRand , Nedbank and Standard Bank.