Sir Richard Branson hopes to add to banking products in the country after his company launched life insurance offering with 1Life Insurance SIR Richard Branson’s Virgin Money has aspirations to offer retail banking in South Africa, the company said on Wednesday following the launch of a life insurance offering.In South Africa, Virgin Money offers a credit card through a partnership with Absa, and through Dial Direct it has offered short-term insurance.On Wednesday it launched a direct life insurance offering with 1Life Insurance."We are looking to launch banking products and there are ways in which we are going to do that," Vinay Padayachee, the MD of Virgin Money South Africa, said in a briefing attended by Mr Branson in Johannesburg on Wednesday. "Our aspiration is to look at banking in some way in the future."Mr Branson said Virgin Money was making inroads in banking following its takeover of Church House Trust in 2010 and the previously nationalised bank, Northern Rock, last yea...
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