OM Bank is not playing around

• OM Bank will cross the milestone of one million clients before the end of September.
• The bank's growth rate matches that of its chief competitor, Capitec, at 3,000 clients per day, and it will have to maintain this growth rate to break even in 2028.
• Old Mutual expects the bank to run losses of R1.1 billion to R1.3 billion until it breaks even in 2028, with the bank earmarking R2 billion to fund its expansion.