
Sim Tshabalala named interim head of Standard Bank's South African unit
This move is designed to provide stability and maintain the strength of both the group and its largest revenue-generating subsidiary during a crucial leadership transition.
This move is designed to provide stability and maintain the strength of both the group and its largest revenue-generating subsidiary during a crucial leadership transition.
Standard Bank boosts sustainable finance to $24.5 billion by 2028, reinforcing its role in Africa’s energy transition while balancing climate goals with economic growth.
Standard Bank leads a $5 billion financing deal for Uganda-Tanzania oil pipeline, signaling cautious investor confidence despite environmental opposition.
The 5.74 percent stake in Northam Holdings boosts the bank’s mining investments in South Africa.
Under Tshabalala, Standard Bank has continued to strengthen its position as a leading financial institution in Africa, expanding its reach while delivering strong profits.
The move is set to widen credit access, stimulate job creation, and bolster economic resilience.
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Stand Bank.
The bank’s backing is a key part of the broader R22.8 billion ($1.23 billion) bid, reinforcing its role as a dominant corporate financier on the continent.
This decline has shaved $609.22 million off its market capitalization, reducing it from $20.18 billion to $19.57 billion.
The deal aims to mitigate currency risks, expand local currency exposure, and facilitate cross-currency swaps and derivatives for businesses across Africa.
This aligns with plans to unlock opportunities for alternative energy infrastructure on the continent, building on past collaborations.
South African banking mogul Sim Tshabalala leads Standard Bank's Mauritius offshore expansion, providing African businesses with secure access to international financial services.
New digital platform transforms syndicated loan management with automation and real-time data access, enhancing efficiency and reducing errors.