Investec South Africa : Swift And Branch Codes
Investec South Africa : Swift And Branch Codes
Investec South Africa is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange.
Breif History About Investec South Africa
Investec was founded as a small leasing and financing company in 1974 in Johannesburg, South Africa, by Larry Nestadt, Errol Grolman and Ian Kantor. It has expanded through growth and acquisitions. It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company. In 1988, Investec Bank Limited was restructured into Investec Group Limited (“IGL”), giving Investec Management and staff control of the company.
In 1990, Investec acquired property management company I. Kuper & Company (Pty) Limited, Corporate Merchant Bank Limited (formerly Hill Samuel Merchant Bank Limited) and trade finance company Reichmans Limited. Investec entered the UK market in 1992, by acquiring London-based Allied Trust Bank Limited (‘ATB’), this was the its first international acquisition. In 1998, Investec acquired Guinness Mahon, a leading London based merchant bank, and Henderson Crosthwaite, its stockbroking arm, for £95 million. It also bought Hambros plc, another London-based merchant bank the same year. It was first listed on the London Stock Exchange in 2002. In 2003, in a Black Economic Empowerment transaction empowerment partners acquired a 21.5% stake in the South Africa-listed Investec.
Universal Branch Code for Investec South Africa
The Investec universal code is 580105 and is used by all of its branches to carry out transactions regardless of the branch where the customer opened the account. The introduction of the universal code is considered a user-friendly move because it makes transactions easier and faster for customers using the online banking platform. With this code, customers are not mandated to have the various branch codes before a transaction can be approved. The use of this code has also reduced the mistakes of wrong transactions.
Investec South Africa Swift Code
Below is a table showing Investec branch code, BIC analysis & SWIFT code, Investec bank address, and Investec branches contacts.
| Investec Bank | Details |
|---|---|
| Universal Branch Code | 580105 |
| Routing Number* | 026005092 |
| SWIFT Code | IVESZAJJXXX |
| Bank Address | 100 Grayston Dr, Sandown, Sandton, 2196, South Africa |
| Registered Address | 100 Grayston Dr, Sandown, Sandton, 2196, South Africa |
| Postal Address | PO Box 1144, Johannesburg, 2000, South Africa. |
| City | Sandton,Johannesburg |
| Bank Telephone | +27 (11) 286 7000 |
What Are The Uses Of Investec South Africa Universal Branch Code
- Investec universal branch code is used to curb financial fraud and banking risks locally and internationally.
- The South African Reserve Bank can use it to track any transactions or find the bank and branch that authorized certain transactions.
- It is also useful in tracking international transactions to protect the global economy. Excess fraudulent activities within various South African banks are capable of causing a downslope to the country’s economy. With the universal code, this will be caught before it happens.
Investec South Africa Branch Codes
A branch code is a unique identifying code for a given branch of a bank. Each branch of a bank is differentiated by its branch code. These branch codes are known by various different names across the globe.
Differences Between A Universal Branch Code and The Branch Code
The two are used for similar occasions but at different levels…Thus All branches can use the universal branch code to carry out transactions regardless of their location. Where as Branch code is used for internal transactions within a particular branch.
Full List Of Investec Branch Codes In South Africa
| BRANCH NAME | ADDRESS | PROVINCE/CITY | BRANCH CODE |
|---|---|---|---|
| Investec Bank Grayston Drive | 100 Grayston Dr, Sandown, Sandton, 2196 | Johannesburg, Gauteng | 580105 |
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