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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 in sub-... [more info]

Standard Bank gears up for Africa’s post-Covid economic recovery

13 May 2021 /  Roxanne Henderson, Bloomberg   1
Sees opportunity in both its core SA market and the rest of the continent.

Bigger spike in SA online retail amid Covid-induced ‘explosion’ in home deliveries

13 May 2021 /  Moneyweb   1
World Wide Worx reports record growth in e-commerce.

Ombudsman for Banking Services saw a 19% increase in complaints – report

12 May 2021 /  Nompu Siziba  
Kwanda Vabaza – Adjudicator, Ombudsman for Banking Services

Standard Banks welcome new debit payment system

10 May 2021 /  Nompu Siziba  
John Anderson – Head: Schemes and Industry Payments, Standard Bank

Fund managers push Standard Bank on climate-change resolution

5 May 2021 /  Antony Sguazzin, Bloomberg   5
Asked to include a resolution on climate-change targets at its May 27 annual general meeting.

Black representation in banking increased across all management levels – report

29 Apr 2021 /  Nompu Siziiba  
Khulekani Mathe - Head: Financial Inclusion, Banking Association South Africa

South Africa’s private wealth plunges

UPDATE
21 Apr 2021 /  Suren Naidoo   23
Africa Wealth Report 2021 estimates around 4 200 millionaires left SA over the past decade, but the depreciating rand and Covid-19 fall-out are also to blame.

Banks’ tax-free cash account interest rates compared

16 Apr 2021 /  Moneyweb   22
Two banks beat all others hands down.

Kennedy Bungane appointed new African Bank CEO

15 Apr 2021 /  Suren Naidoo   4
The appointment has been approved by the Prudential Authority of the South African Reserve Bank

Standard Bank raises alarm on loan-to-grant proposal

2 Apr 2021 /  Bloomberg News   13
Says plan would 'set a dangerous precedent'.

Reserve Bank sends strong signal rate-cutting cycle is over

26 Mar 2021 /  Suren Naidoo   5
And touts possible increase as early as the second quarter of this year.

Banking profits plunged by R50bn in 2020

23 Mar 2021 /  Adriaan Kruger   8
Largely due to the sharp increase in provisions for bad debts.

Mixed bag of bank results

18 Mar 2021 /  Simon Brown  
Mia Kruger of Kruger International on investment opportunities as the economy reopens. Libstar CFO Charl de Villiers unpacks the company's results as the retail channel jumps higher. Kokkie Kooyman from Denker Capital reviews the big four banks' results.

Netcare and Standard Bank in R1bn ‘green bond’ deal

18 Mar 2021 /  Suren Naidoo   1
First of its kind in Africa’s healthcare sector.

Nedbank foregoes dividend as profit drops

17 Mar 2021 /  Ryk van Niekerk  
The board decided it appropriate to conserve capital at this point for potential growth opportunities that may emerge in the cycle – CEO Mike Brown.

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