African Bank

Our founders were entrepreneurs. As business owners, they sought to address the exclusion of people from marginalised communities from financial services and mainstream economy. Their solution was to start a bank that would enable these communities to have access to financial and banking services through which they could also start businesses. In essence, building a bank that would back entrepreneurs. We launched the Enterprise and Supplier Development and Women Entrepreneurship Development with this in mind, and today we celebrated the SMMEs on these programmes.   Today at our African Bank offices in Midrand, we celebrated the SMMEs that were part of the 2024 cohorts for their resilience and being visionaries that want to participate in the economy. The two 2024 cohorts from both our Flagship programme and women programme consist of businesses in Information Technology (IT), food and beverage, manufacturing, construction and maintenance, and the green economy, logistics, fuel, and other industries. We also officially launched the 2025 cohort which started the programme in January this year. “Youth unemployment confines young, unemployed people to the fringes of society,” said Elizabeth Ramashala, Head of Transformation and Sustainability. “But, when entrepreneurs are skilled, they can make an impact on their businesses and surrounding communities.”   As we aim to back the SMMEs in our ecosystem, we wish them growth and sustainability. After all that is the ultimate objective we strive to achieve. #AudaciousEntrepreneurs #AfricanBank #AudacityToBelieve #SMME #TownshipEntrepreneurship #ESD24

African Bank extends its heartfelt congratulations to the athletes who proudly represented the nation at the recent Special Olympics South Africa (SOSA) competitions, bringing home an impressive tally of six medals. As a proud SOSA sponsor, African Bank is honoured to support these exceptional athletes and reaffirm its commitment to inclusivity, empowerment and breaking barriers through sport. #AfricanBank #AudacityToBelieve #SpecialOlympics #TeamSOSA #SOWWG25

The road to your business dreams can be challenging if you don’t have the right support. We partnered with Pace Car Rental, a proudly South African bakkie and rental business, to fund their growth. In just 18 months, Pace Car Rental has nearly doubled in size, opening three new branches, and employing nearly 300 people. On your journey to business success, you need a bank that was built to partner with you on the path to prosperity. That bank is African Bank and we’re proudly #BackinBusiness

The road to your business dreams can be challenging if you don’t have the right support. We partnered with Pace Car Rental, a proudly South African bakkie and rental business, to fund their growth. In just 18 months, Pace Car Rental has nearly doubled in size, opening three new branches, and employing nearly 300 people. On your journey to business success, you need a bank that was built to partner with you on the path to prosperity. That bank is African Bank and we’re proudly #BackinBusiness

You are what you wear. Fashionable Banking is a celebration of who you are, who you want to be, and where you come from. Our showcase at Paris Fashion Week this past weekend was more than just a fashion show – it was a world first, and a powerful illustration of what an audacity to believe can do. Imagine what it can do for you. We know that clothes alone won’t change the world, but the people wearing them will. That’s why we’re passionate about backing you as you chase after your dreams.💙💚🇿🇦 #AfricanBank #FashionableBanking #AfricaToTheWorld

Are African Brands relevant in the rest of the world? 🔥 The simple answer is: YES. I had the honor of walking the runway at Paris Fashion Week 2025 for Khosi Nkosi x African Bank. What stood out to me in the experience is the profound global appetite for South African brands. Not only that, but also the huge cohort of South Africans who live abroad & who travel abroad regularly. South African brands are global brands, and we need to have the #AudacitytoBelieve that, because it’s true. Let me know your thoughts in the comments section below #globalbrand #africanbank #khosinkosi #fashion #brandbuilding

I have thoroughly enjoyed exploring the various facets of the African Bank brand and the many milestones it has presented throughout my AB career. I recall attending the 2023 and 2024 Brand Finance SA Top 10 Most Valuable Brands announcements, reflecting on what it would take to compete at such a high level. Despite not being mentioned, we focused on our work, remaining committed to our objectives while learning and acknowledging the achievements of other brands I admire. This year, we entered the rankings, securing a respectable position at 57th. While the journey to the Top 10 will undoubtedly be challenging, this achievement serves as a significant springboard and a validation that it is within reach. Ironically, we are also celebrating our 50th anniversary this year, and I look forward to commemorating the strength and resilience of this brand with all of our customers. #AudacityToBelieve #BrandBuilding #BlessedToDoWhatILove

Following African Bank's Top Employer certification for 2025, HR Editor Shan Radcliffe, caught up with group chief people officer, Gcobisa Ntshona to find out more about the bank's ‘Audacious People Promise’ and what makes it a workplace of choice.

Some conversations are truly heartwarming and one can never tire from sharing the people agenda underway at African Bank . Ours is a Bank for the people. By the people. Serving our people.

Sinethemba Mtwesi joins African Bank as Head: Personal Banking Credit Impairments We are delighted to announce the appointment of Sinethemba Mtwesi as Head: Personal Banking Credit Impairments. Sinethemba is a seasoned financial risk management professional who has worked for highly regarded institutions such as True North Partners, Nedbank, Barclays, and Allan Gray. He possesses expert knowledge in strategic design, impairment audits in the banking sector both within South Africa and internationally, the development and validation of IFRS 9 and Basel Capital models, financial management and budgeting, and the development of pricing and profitability models. Sinethemba joins us from KPMG where he was Senior Manager: Financial Risk Management (FRM). His mandate there entailed performing major impairment audits for the leading South African banks, as well as banks across Africa He holds a Professional Risk Management certification through PRMIA (2018) and a Bachelor of Science in Mathematical Statistics from the University of Pretoria (2008). He has been an engagement leader, as well as project manager, for various IFRS 9 ECL model audit support engagements. He also acts as a subject matter expert for Retail IFRS 9 ECL modelling, retail credit risk strategies, risk appetite frameworks, and credit risk policy frameworks. We are excited to have someone of his pedigree joining our Movement and we wish him well for this audacious new chapter of his career.