INDUSTRY SURVEY
SA bankers:
“Innovation is critical”
PwC’s South African Banking Survey
2013 forecasts new partnerships,
fewer branches and big IT investment.
C
hange is the only constant in banking, globally and
in South Africa. Although banks in South Africa
are in healthy shape with the majority of banks
generating strong return on equity (ROE) compared
to their global counterparts, CEOs have to navigate
through various challenges and opportunities to maintain their
ROEs above what is now seen as the “new normal”, according to
a survey issued by PwC today.
Tom Winterboer, Financial Services Leader for PwC Southern
Africa and Africa, says: ‘PwC’s South African Banking Survey 2013
shows that executives acknowledge that the industry is evolving
fast, with a number of trends and developments currently shaping
the global landscape for financial services and in particular the
banking industry.
‘These trends could either contribute to or detract from banks’
ability to achieve sustainable revenue growth.’
The purpose of the survey is to highlight the challenges and
opportunities faced by CEOs as they position their banks to succeed
in the future. The survey also explores industry trends to provide
perspectives on how banking in South Africa may evolve over the
next three years. The challenges and opportunities faced by banks