LATEST NEWS FOR Standard Bank Group Ltd.  

Standard Bank Group Ltd. is the holding company for the interests of the group, an African financial services organisation with South African roots. It is South Africa’s largest banking group by assets and currently operates in 20 countries on the ... [more info]

Fitch, Moody’s downgrade SA banks to junk

1 Apr 2020 /  Emma Rumney, Reuters   2
It said the lenders' overall sovereign exposure, including loans to often troubled state-related entities, averaged at 176% of their capital bases.

South African banks cut deeper into junk by Fitch on virus

1 Apr 2020 /  Vernon Wessels, Bloomberg   
Ratings reduced by one notch to BB.

Banks are taking applications for Oppenheimer donation

31 Mar 2020 /  Melitta Ngalonkulu   9
Businesses can apply for funding of R750 per employee per week, for a period of 15 weeks.

Standard Bank withdraws full-year guidance over virus uncertainty

UPDATE
31 Mar 2020 /  Emma Rumney, Reuters  
Citing the uncertainty around the impact coronavirus will have on its performance.

All the Covid-19 relief announced by SA banks so far

31 Mar 2020 /  Hilton Tarrant  
And why FNB waited before moving …

FNB fourth bank to offer payment holiday amid Covid-19 outbreak

30 Mar 2020 /  Melitta Ngalonkulu   8
From April to June, for customers who show sound banking behaviour.

Big banks: up to a fifth of borrowers may not qualify for relief

30 Mar 2020 /  Emma Rumney, Reuters   1
The sector announced industry-wide parameters for support last week.

SA SME fund in SA to raise more capital

30 Mar 2020 /  Antony Sguazzin, Bloomberg   2
'We are talking to everybody' – fund CEO Ketso Gordhan.

Sassa rolls out plans to address lockdown constraints

30 Mar 2020 /  Ann Crotty   1
Elderly and disabled will be able to access their social grants early.

When the virus crisis is over, the legal battles begin

30 Mar 2020 /  Ciaran Ryan   15
Could individuals plead force majeure if they cannot pay their debts?

Covid-19: Where are our banks’ bazookas?

UPDATE
29 Mar 2020 /  Hilton Tarrant    12
Relief measures announced so far aren't going to cut it.

Standard Bank offers three-month payment holiday

29 Mar 2020 /  Melitta Ngalonkulu   10
Provided your account is not in arrears and earn less than R7 500.

SA banks ‘underwhelm’ with response to virus fallout

27 Mar 2020 /  Roxanne Henderson, Antony Sguazzin and Janice Kew, Bloomberg   22
Labour unions and small business owners call for 'big bang intervention'.

Virus-stricken African currencies are set for even more pain

27 Mar 2020 /  Moses Mozart Dzawu, Bloomberg   1
Many countries, including Kenya and South Africa, have cut interest rates to support their economies.

SA economy could crater up to 10% this year

25 Mar 2020 /  Ciaran Ryan   25
Is this a financial reset? All we know is the recession will deepen.

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