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GOD SAID 2019- PROPHECY FULFILLED: BANKING SECTOR REVAMP

God Said 2017

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GOD SAID 2019:” A revamp of the banking system in our nation in terms of protecting the poor and restructuring of bank charges will occur. The cash system will be done away with and there will be a strong move to bring rural communities online.”

4 June 2019-

Standard Bank is closing more than 100 branches – here’s the full list

  • Standard Bank is closing more than 90 branches.
  • Banks have been shedding jobs for years.
  • Branch reductions are a global reality as consumer banking habits change.

Of the five biggest retail banks, only Capitec seems to be actively growing branches and staff numbers. Its peers are going from freezing posts to probably the most radical single action by a banking group in decades: Standard Bank announcing it will close 91 of its some 630-odd branches by the end of June.

Links:

https://www.businessinsider.co.za/standard-bank-branches-close-2019-6

https://www.businessinsider.co.za/bruce-whitfield-on-standard-bank-2019-3


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