The History of Banking in South Africa (Grade 10 NSC Matric Economics): Flashcards

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The History of Banking in South Africa
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First bank in SA & year

Lombard Bank, 1793

Founder of Lombard Bank

Dutch East India Company (VOC)

First private bank in SA & year

Cape of Good Hope Bank, 1836

Standard Bank establishment year

1862

Standard Bank branches by 1889

67 branches

Diamond rush year in SA

1871

Gold discovery year in SA

1886

Land & Agricultural Bank est. year

1912

SA's central bank name

South African Reserve Bank

Max Reserve Bank share ownership

R10,000 per shareholder

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