"Today’s data release is consistent with our 1.3% growth forecast for 2025. While high-frequency indicators for 2Q25 have been mixed, with new vehicle sales still showing robust growth, manufacturing PMI continues to disappoint, remaining in…
"These results are more than a financial milestone, they mark a reaffirmation of purpose. They show that our customer-first, innovation-led approach is reaching South Africans where it matters most. Whether it's a township entrepreneur accessing…
"At Standard Chartered, we recognise that the true strength of our business lies in our extensive Global network. Our goal is to assist clients in navigating the complexities of the African continent amid market fluctuations. In this context,…
"When those currencies weaken, two things will happen: first, you will find that most of these countries are import-dependent. So, you're going to find that high inflation becomes a problem. And secondly, you find that the cost of actually servicing…
"Banks are demonstrating effective credit risk management as evidenced by a deceleration in impairment growth and a general decline in credit loss ratios across the sector. Non-performing loans are still increasing, albeit at a slow rate, indicating…
Sim Tshabalala, Chief Executive of Standard Bank Group, says, "Lungisa and I will work together closely as we continue to develop and execute the Group's strategy in relation to its footprint outside of South Africa. We congratulate Lungisa…
“Kenny is a recognised leader with substantial Pan-African banking experience, has relationships across the banking and financial ecosystem, and a proven track record to drive results in complex environments. The Board is confident that his…
After 18 years of service to the Standard Bank Group, Kenny Fihla, the Group's Deputy Chief Executive and Chief Executive of SBSA, tendered his resignation last night. He will proceed on garden leave as of today.
"Our performance in 2024 reflects the strength of our diversified business and our commitment to delivering value to our stakeholders. We have seen double-digit earnings growth in South Africa, good contributions from our insurance and asset…
"This partnership has allowed us to effectively measure the impact and value inherent in our employee offerings. We welcomed the opportunity to have an independent authority support and ratify our offerings and processes as we continuously strive…
"While the government is making strides in adopting AI-driven crime detection and implementing a national digital identity system, these measures must be expedited, reinforced, and backed by an integrated cybersecurity strategy that involves…
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