Floating Button
Home News Banking & finance

HSBC said to explore sale of South Africa units to focus on Asia

Bloomberg
Bloomberg • 2 min read
HSBC said to explore sale of South Africa units to focus on Asia
The lender has been strengthening its Asian roots in a strategic pivot that has deepened over the past few years. Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

HSBC Holdings is weighing a sale of its South African businesses as the lender focuses on Asian markets, according to people with knowledge of the matter.

The South African branch business and securities unit have drawn interest from bidders that include banks from the region as well as China and the United Arab Emirates, said the people, who asked not to be identified discussing information that isn’t public.

The details of any potential deals have yet to be finalised and there is no guarantee that any transactions will go ahead, the people said.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.