News Leader
WATCH: Standard Bank posts leaner annual earnings growth
Standard Bank CEO Sim Tshabalala talks to Business Day TV about the company's full-year earnings and what it suggests for growth
07 March 2019 - 17:49
Standard Bank released its annual results on Thursday posting a 7% rise in headline earnings. The group's rest of Africa operations led gains while SA lagged, with a weaker than expected economy and higher taxes weighing on confidence and demand for credit. The company's ICBC joint venture recorded a loss of nearly $15m and will need a capital injection of just over R1bn. Standard Bank CEO Sim Tshabalala spoke to Business Day TV about the company's full-year earnings and what they suggested for its growth trajectory.
Or listen to the full audio:..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.