Retail banking in South Africa has emerged relatively unscathed from the global recession. Bankers are now taking advantage of the upturn, the confidence generated by the forthcoming World Cup hosted in the country and the largely untapped potential presented by the under-banked and unbanked population.rnEveryone's eyes will be focused on South Africa next month when the 2010 World Cup football tournament kicks off with the first match between the host nation and Mexico in Johannesburg's Soccer City stadium. It will provide a much-needed boost to the country's economy, tourism industry, consumer confidence and, consequently, the retail banking sector.
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