South Africa's banks just got squeezed from two directions at once. FNB spent nearly a decade in court trying to keep First Abu Dhabi Bank out. It lost in July 2026. But FAB doesn't want your account, it wants the corporate business. Revolut is the one coming for you. A banking licence application filed, a waitlist near 100,000, backed by 75 million users globally, still targeting 2028 to actually open. Gulf capital from above, a fintech from below. South Africa's banking sector is among the most profitable in the world, and global majors are lining up for a piece of it. #GlobalArbitrage #Revolut #FAB #Fintech #SouthAfrica