Dear Lord; today “Create a pure heart in me, and put a new and loyal spirit in me. Do not banish me from your presence; do not take your holy spirit away from me.” Psalm 51:10-11 😭
Did you know FNB & Standard Bank make over R25 Billion a year from Black Card clients?
Over 3.3M affluent South Africans use these premium accounts (~1.8M at FNB, ~1.5M at Standard Bank).
Between R490/mo account fees and the massive home loans, asset finance, and wealth products cross-sold to them, a private client is worth up to 10x more than a standard retail user.
To qualify for a dedicated Private Banker:
• FNB: R750k+ p.a.
• Standard Bank: R696k+p.a.
No wonder Investec is aggressively coming for their lunch.
They just launched a massive strategy to hunt down 122,000 new private clients to secure an extra R3 Billion in profit by 2030.
With only ~1 million South Africans earning over R800k, the war for your salary slip is officially a bloodbath.
JUST IN: WHO urges passengers who took Airlink flight 4Z132 from St. Helena to Johannesburg on April 25 to contact health authorities over hantavirus concerns.
Last night I was driving from kwaMaphumulo (KZN) to Johannesburg. What I can say is that those truck drivers on N3 are still gonna continue killing innocent lives. They’re so reckless.😳