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.
South African bank
South African businessman Gerrie Fourie gains $26 million in 45 days
Fourie owns a beneficial 0.86-percent stake in the Stellenbosch-based banking group.
British bank Barclays sells $687-million stake in Arrie Rautenbach-led Absa Group
Absa Group shares have fallen by more than four percent since the opening of the Johannesburg Stock Exchange this morning.