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South Africans Socking Away Money, Bank Deposits to Expand 9%
According to our new report, "South Africa Banking Sector Analysis",
on the back of rising income level, increasing confidence on the banking
system and growing black middle class population, the total bank
deposits in South Africa are projected to grow at a CAGR of 9% during
2008-2012.
As per our research, prospects for the South African banking sector are
reasonably bright as the emergence of black middle class will support
the rising demand of banking services like deposits. It is estimated
that over 10 Million adults in the country do not have access to even
the most basic of banking services, including deposit facilities,
payment facilities and cash withdrawal. But gradually rising income
coupled with increase in awareness level is enabling this unbanked
population to accessing the banking services like bank deposits.
We expect that the population in the middle class bracket will continue
to rise during the forecast period, which will further boost the demand
for banking services like saving and current account deposits and
related services like payment cards.
"South Africa Banking Sector Analysis" provides comprehensive research
and prudent analysis on the South African banking market. This extensive
research will help the clients to identify the market trends and
evaluate the leading-edge opportunities critical to the success of the
banking market in the country. This study gives an overview on the
various factors driving the banking industry, together with the forces
that are blocking the growth of the industry.
This research supplements the past and current information on the South
African banking market with forecast on various important industry
aspects, including populat ion, wealthy women population, consumer
durables market (television, refrigerators and washing machines),
Internet penetration, mobile subscribers, passenger car registrations,
banking deposits and banking assets.
About RNCOS E-Services Pvt Ltd.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit:
http://www.rncos.com/Report/IM080.htm
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