When the FM was first published, agriculture and mining contributed around a third of SA’s GDP, manufacturing and construction about 15%, and services — including financial services — about 50%.

At the time, automated teller machines (ATM) weren’t even a twinkle in the banking world’s eye. In fact, it wasn’t until 1967 that the ATM as we know it was opened at a Barclays branch in Enfield, north of London.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.