Finance · South Africa
Sasfin Wealth Rebrands as Otto1890 with New Business Focus
Moneyweb · 2026/03/17
Summary
Sasfin Wealth, a South African financial group, has changed its name to Otto1890 after making a big change in its business focus. The company decided to stop its banking services and instead concentrate on investment management and equipment finance. This shift is part of a 'strategic reset' to better align the company with new market opportunities. By leaving banking operations behind, Otto1890 aims to offer specialist financial services that support businesses and investors looking for investment options and equipment financing solutions. This move reflects a broader trend where companies are tightening their focus to improve performance and meet changing customer needs.
OnABudget takeaway: For consumers and small business owners, this means more tailored investment and equipment finance options from Otto1890, which may offer better support for growing your business or managing investments. Investors should watch how the company performs in its new areas after leaving banking behind.