What’s stopping traditional banks from doing the reverse?
Why not sell iPads, cellphones, appliances, and other merchandise in branches to maximise floor space and create new revenue streams?
Retail and banking are clearly starting to merge.
PEP IS BIG!!!!!
PEP is officially coming for South Africa's big bank AFTER making R3bn from financial services alone.
Pep just got the green light from the SARB to launch its own bank, leveraging its massive network of over 6,600 stores and 32 MILLION clients.
The numbers behind the retail supermajor are massive, interim results 2026:
💰 R54.8bn in revenue
📈 R6.3bn in operating profit
💳 Financial services revenue surged 41% to hit that R3bn mark
PEP IS BIG!!!!!
PEP is officially coming for South Africa's big bank AFTER making R3bn from financial services alone.
Pep just got the green light from the SARB to launch its own bank, leveraging its massive network of over 6,600 stores and 32 MILLION clients.
The numbers behind the retail supermajor are massive, interim results 2026:
💰 R54.8bn in revenue
📈 R6.3bn in operating profit
💳 Financial services revenue surged 41% to hit that R3bn mark
Did you know South Africa is the only nation on Earth permanently occupying the most strategic "dead zones" of the Southern Ocean? 🌍🇿🇦
While we own Marion Island, we are the exclusive operators of Gough Island (a UK territory). No one else is there. Just us.
The Brave Few:
❄️ Marion: ~18 SA researchers
❄️ Gough: ~10 SA specialists
The Mission: These islands sit in the "Weather Factory" of the planet. Because most Southern Hemisphere storms are born here, our teams provide the pulse for:
✅ Global long-range forecasts 📉
✅ Critical data for international shipping & aviation 🚢✈️
✅ Early warning systems for extreme climate shifts ⛈️
Without these South Africans living in total isolation, the global community would be flying blind.
We are the world’s eyes in the middle of nowhere. What a country!!! #ProudleSA 🇿🇦
@SizweLo The story we hear is that our policies are excellent; the real problem is implementation. So we’re told the issue is competence and corruption. That way, the policies are never questioned, only the people. We keep changing the jockey, but we never win because the race is rigged.
@FinanceGhost I blame Fund managers. They always have a hand in these things, putting unnecessary pressure to diversify, and sadly, we all know how the story ends.
@AfricaFactsZone 90% of South Africa's debt is ZAR denominated. There's nothing to panic about we can't default on rands. The remaining $33B foreign debt can easily be covered by the $70B of foreign reserves. The important thing is who do you owe the money.
🇳🇴 commends 🇿🇦’s G20 leadership. In a time of pressure on multilateral cooperation, South Africa has brought the world together in the spirit of ubuntu. By championing Solidarity, Equality and Sustainability 🇿🇦 has lead the way for global solutions to the challenges of our time.
@SizweLo 100% With the outlook for diamonds weakening, this isn’t the time to be sentimental or radical about a fading commodity. The urgency is in bold diversification tech, tourism, energy, agro-processing, and anything with long-term value. We need to pivot fast and decisively.