Sasfin Bank

Sasfin Bank Limited was a commercial bank headquartered in Johannesburg and the principal subsidiary of Sasfin Holdings Limited; it relinquished its banking licence on June 30, 2026 and no longer operates as a bank. The company provided a wide range of specialist financial products to entrepreneurs, corporates, institutions and high net-worth individuals. It offered business and transactional banking, wealth management, healthcare consulting and other services. Sasfin Bank had offices in Bloemfontein, Cape Town, Durban, Plettenberg Bay, Port Elizabeth, Pretoria and Premier Freight as well as office in Hong Kong. The company was established in 1951 by Sydney Sassoon, the father of Roland Sassoon, who later led the group as chief executive. Michael Sassoon was reported as chief executive of Sasfin in March 2026. As of June 30, 2017, Sasfin Holdings had total assets of R12.6 billion.

 Financials (Sasfin Holdings, R billion)

The figures below are for the 2017 financial year. They predate the sale of Sasfin Bank’s Capital Equipment Finance and Commercial Property Finance businesses to African Bank Limited and the group’s subsequent exit from banking.

Exit from banking

Sasfin Bank disposed of its Capital Equipment Finance and Commercial Property Finance businesses to African Bank Limited for approximately R3.25 billion, a disposal approved by the Minister of Finance and implemented with effect from November 1, 2024. Sasfin Holdings was then taken private and delisted from the JSE Main Board, the listing terminating on December 30, 2024 following an offer of R30.00 per share. A further scheme of arrangement at R42.00 per share became unconditional on July 24, 2026, with a scheme operative date of July 31, 2026.

On June 30, 2026 Sasfin voluntarily relinquished its banking licence to the South African Reserve Bank, which gazetted the cancellation of the licence on July 17, 2026; unclaimed client funds were transferred to OM Bank. Sasfin Bank Limited is being converted from a public company to a private company and renamed Sasfin (Pty) Ltd. Sasfin does not appear on the South African Reserve Bank Prudential Authority list of locally controlled banks as at July 7, 2026.

The group now describes itself as an investment holding company. Its two principal investments are Otto1890, the wealth management business renamed from Sasfin Wealth in March 2026 and reported at that time to manage and advise on more than R100 billion in assets, and Sunlyn, the former rental finance business, which raised about R2 billion of growth and replacement funding in 2025.

Head office address:
29 Scott Street
Waverley
Johannesburg, Gauteng 2090
South Africa
Phone number: +27 11 809 7500
Fax: +27 11 887 6167
Website: www.sasfin.com