As someone with a bit of perspective I kindly ask permission to add a grain of salt.
We choose Mauritius for a second home and some Investment too.
General hint: the Mo Ibrahim Report (annualy) with an excellent overview on all 53 african states. Even the CIA Factbook relies and refers to their data.
Contrary to your approach I see digital banking with serious reservations.
In a well functioning Environment with stable governmental and law abiding structures that might be beneficial (or at least low risk), while the last four years surfaced such enormous breaches in governmental reliability towards its citizenry that the huge pressure to erase cash forecasts nothing good.
Especially SA represents additional physical risks to such banking in having a vastly corrupted Energy supply with permanent brown outs who often linger very close to blackouts.
Additional note on the BCG poll:
Germany looks high in the possible adoption of Digital banking in case there's no branch available, although that ist highly theoretical as GER has by far the most branches per capita in Europe, maybe even ww.
Thanks for your comment. I highly value intelligently articulated opposing arguments, such as yours.
Mo Ibrahim's reports are invaluable for investors interested in Africa.
Frankly, I did not consider power curtailments' impact on digital banking services. However, as you pointed out, I should do it. The instability of the power supply adds downside risk to my thesis.
Going down the rabbit hole, I wonder how the supply (data centers, cloud services, servers, etc) is distributed between SA banks. I guess the providers are not located in only one province. Moreover, not all of them are in South Africa. That said, this is a curious topic to investigate.
Mauritius is a fascinating destination. A few years ago, I considered it for corporate banking services but found a better solution in the EU.
Thanks for the interesting read.
As someone with a bit of perspective I kindly ask permission to add a grain of salt.
We choose Mauritius for a second home and some Investment too.
General hint: the Mo Ibrahim Report (annualy) with an excellent overview on all 53 african states. Even the CIA Factbook relies and refers to their data.
Contrary to your approach I see digital banking with serious reservations.
In a well functioning Environment with stable governmental and law abiding structures that might be beneficial (or at least low risk), while the last four years surfaced such enormous breaches in governmental reliability towards its citizenry that the huge pressure to erase cash forecasts nothing good.
Especially SA represents additional physical risks to such banking in having a vastly corrupted Energy supply with permanent brown outs who often linger very close to blackouts.
Additional note on the BCG poll:
Germany looks high in the possible adoption of Digital banking in case there's no branch available, although that ist highly theoretical as GER has by far the most branches per capita in Europe, maybe even ww.
Apologies for any miswriting, no native speaker
Best regards Petra
Thanks for your comment. I highly value intelligently articulated opposing arguments, such as yours.
Mo Ibrahim's reports are invaluable for investors interested in Africa.
Frankly, I did not consider power curtailments' impact on digital banking services. However, as you pointed out, I should do it. The instability of the power supply adds downside risk to my thesis.
Going down the rabbit hole, I wonder how the supply (data centers, cloud services, servers, etc) is distributed between SA banks. I guess the providers are not located in only one province. Moreover, not all of them are in South Africa. That said, this is a curious topic to investigate.
Mauritius is a fascinating destination. A few years ago, I considered it for corporate banking services but found a better solution in the EU.
Come back soon. Thanks a lot for the nuanced reply
Appreciate very much.🙋