18 were domestic, and 13 were foreign banks with branches. The number of banks has been stable since 2020, dropping from 35 in 2019. In the observed period, the number of banks in the country increased between 2011 and 2019.
As of September 2022, there were 31 registered banks in South Africa. Of those, Number of banks registered in South Africa from 2006 to 2022
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SARB. (November 7, 2022). Number of banks registered in South Africa from 2006 to 2022 [Graph]. In Statista. Retrieved June 09, 2023, from https://www.statista.com/statistics/915598/number-registered-banks-south-africa/
SARB. "Number of banks registered in South Africa from 2006 to 2022." Chart. November 7, 2022. Statista. Accessed June 09, 2023. https://www.statista.com/statistics/915598/number-registered-banks-south-africa/
SARB. (2022). Number of banks registered in South Africa from 2006 to 2022. Statista. Statista Inc.. Accessed: June 09, 2023. https://www.statista.com/statistics/915598/number-registered-banks-south-africa/
SARB. "Number of Banks Registered in South Africa from 2006 to 2022." Statista, Statista Inc., 7 Nov 2022, https://www.statista.com/statistics/915598/number-registered-banks-south-africa/
SARB, Number of banks registered in South Africa from 2006 to 2022 Statista, https://www.statista.com/statistics/915598/number-registered-banks-south-africa/ (last visited June 09, 2023)
Number of banks registered in South Africa from 2006 to 2022 [Graph], SARB, November 7, 2022. [Online]. Available: https://www.statista.com/statistics/915598/number-registered-banks-south-africa/