South Africa’s six biggest banks are pushing AI deeper into daily banking

South Africa’s major banks are embedding AI deeper into their operations, according to analysis from PwC South Africa covering Absa, Capitec, FirstRand, Investec, Nedbank and Standard Bank. These institutions have moved past asking whether to use artificial intelligence and now face the tougher question of whether AI actually pays off. Together, the six lenders hold almost all of the country’s banking assets.