Market data including bonds and fuel prices
The unskilled workforce in particular will be affected by the steps the country will be compelled to take
A former senior investigator who worked closely with the public protector on the report accused her of watering it down and removing portions
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
Business Day TV speaks to African Rail Industry Association CEO Mesela Nhlapo
Credit bureau sees more defaults ahead as central bank increases interest rates
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
The monetary policy committee increases the key policy rate to 6% from 5%
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
The Italian SUV outguns the Bentley Bentayga's record
SA’s Standard Bank Group, Africa’s largest lender, is predicting it can outpace the continent’s fast-growing economies in which it operates.
Stagnant GDP in SA means the lender is having to rely on its business in 20 other Sub-Saharan countries to compensate for rising costs and almost zero revenue growth in its biggest market. Kenya, Uganda and Ivory Coast are all expected to expand more than 6% this year and Standard Bank can do even better, says CEO Sim Tshabalala.
“Most of these countries are growing at much faster rates than SA,” he said in an interview on Thursday. “That, together with the fact that we are offering our customers new products and solutions, means we are bound to grow at much faster rates.”
While the lender’s SA unit was able to accelerate cost-cutting initiatives and lending in the second half of 2018, it was not enough to offset other pressures, such as lower income from interest rates charged on loans. This resulted in expenses growth exceeding revenue growth...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.