Banking and Finance

Botswana

Botswana has very solid banking and financial infrastructure including a functional stock market. All of the standard retail and corporate banking services offered which include the following:

• Current and Savings accounts
• Off shore accounts
• Investment accounts
• Fixed deposits
• Mortgages
• Credit Card Facilities
• Letter of Credit facilities

Local and Foreign Banks in Botswana:

• Barclays Bank of Botswana, Gaborone
  
• Botswana Cooperative Bank, Gaborone
  
• Botswana Development Corp., Gaborone
  
• Botswana Saving Bank, Gaborone
  
• First National Bank of Botswana, Gaborone
• National Development Bank, Gaborone
• Stanbic Bank Botswana, Gaborone
• Standard Chartered Bank, Gaborone
• Westhynd Security, Gaborone
• Bank of Baroda (Botswana) Ltd

South Africa

South Africa’s banking and financial infrastructure is one of the most developed in Africa. Not only are the banking sector developed, but they are also very stable. All standard banking services are offered by the banks there, which include:

• Current and Savings accounts
• Off shore accounts
• Investment accounts
• Education saving accounts
• Fixed deposits
• Mortgages or a bond as it is called in South Africa.
• Credit Card Facilities
• Letter of Credit Facilities

Local Commercial Banks

• The local commercial banking entities include:
• ABSA (Partially owned by Barclays)
• Standard Bank
• Nedbank
• First National Bank
• Wesbank (a division of FirstRand Bank)
• Rand Merchant Bank

Branches of foreign banks

• Bank of Baroda                                                
• Bank of China, Johannesburg Branch  
• Citibank N.A.                                                       
• HSBC Bank plc, Johannesburg Branch             
• Deutsche Bank AG
• JPMorgan Chase Bank, N.A., Johannesburg Branch

To open an account in South Africa, you will need to provide the following:

For expatriates, your original passport

Proof of residential address including utilities bills

Permit which maybe study, business or permanent residence

South African Identity booklet if you have one