#SHSI S2 Episode 23 - Shoprite Money Market , Pep Bank & Pick n Pay -Tyme Bank Are All Coming for Capitec ?!

South Africa's retail giants are making a calculated move into banking, and the numbers reveal exactly why.Shoprite now has over 4 million banking customers. Pepkor just received approval to launch its own bank across 2,500 stores. Pick n Pay is seeing 60% year-on-year growth in cash deposits at tills. Old Mutual has invested R4 billion into OM Bank. And Sanlam is entering through a R750 million joint venture with TymeBank.In this video, we unpack:→ Why retail margins of 3-5% can't compete with fintech returns of 17-19%→ How 31 million Xtra Savings members become a credit bureau in waiting→ The battle for South Africa's unbanked and underserved population→ What this means for Capitec and traditional banks→ The loyalty lock-in strategy that makes banking the ultimate retail playFeaturing insights on Shoprite's zero-cost bank account plans, Pepkor's "plusb" project slated for 2027, OM Bank's path to breakeven by 2028, and why Swiss Re research shows Capitec capturing 36% of new funeral insurance sales.The checkout counter is becoming the bank counter. Here's how it's happening.