African Bank Group celebrates 50 years with 15% Profit Growth.

Loading player...

GUEST – Kennedy Bungane – CEO of African Bank

We are joined in studio by Kennedy Bungane, CEO of African Bank Group, as the institution marks its 50th anniversary with a solid set of interim results and continued strategic momentum.

For the six months ending 31 March 2025, African Bank reported a 15% increase in net profit after tax to R202 million, driven by strong execution of its Excelerate strategy. The results underscore the Group’s successful evolution into a fully-fledged, diversified banking institution, now serving over 6.1 million customers across personal and business segments

26 May 4PM English South Africa Business News · Investing

Other recent episodes

Why starting and operation an airline in SA is expensive.

GUEST – Phuthego Mojapele – Aviation Analyst Operating an airline is often seen as a glamorous endeavor, but behind the scenes lies a complex web of sky-high costs, razor-thin margins, and constant operational challenges. Our guest, an industry expert, breaks down the real economics of running an airline on the…

5 Jun 4PM 10 min

Ekurhuleni commits to steady growth with new budget for 2025/26

GUEST – Jongizizwe Dlabathi - MMC for Finance - City of Ekurhuleni MMC for Finance Jongizizwe Dlabathi delivered the City of Ekurhuleni’s 2025/26 budget speech last Thursday, emphasising stability, accountability, and a renewed focus on delivering basic services. His address aligned with the developmental priorities set by Executive Mayor Alderman…

5 Jun 4PM 10 min

South Africans are betting over R1 trillion each year: Why gambling has become so appealing in tough economic times.

GUEST – John Manyike, Head of Financial Education at Old Mutual. South Africans place over R1 trillion in bets annually, with R700 billion spent on sports betting alone. For many, particularly those with limited financial resources, the appeal of a big win can be incredibly tempting. However, the reality is…

5 Jun 4PM 20 min

What to consider before buying a franchise in South Africa.

GUEST - Andre Beck, Head of Franchising at Business & Commercial Banking South Africa, Standard Bank Group If you want to become an entrepreneur but don’t want to go completely solo, taking on a franchise could be the answer – but not before you’ve done all the homework.

5 Jun 4PM 18 min

South Africans earning over R30,000 or more are also struggling.

GUEST - Andrew Fulton – Director at Eighty20 South Africans who earn over R30,000 a month or more are overextending themselves to maintain their standard of living amid the rising cost of living. This was highlighted by research and consultancy firm Eighty20’s latest Credit Stress report for the first quarter…

5 Jun 4PM 9 min

All episodes