The risk of SA being kicked out of the African Growth and Opportunity Act (Agoa) and being sanctioned over its ties to the Kremlin has receded, Standard Bank group CEO Sim Tshabalala has told the bank’s shareholders.

He told investors and pundits after the release of the group’s results that the bank believes the Ramaphosa administration has done enough to assuage Washington’s concerns that it had aligned with Russia in its war with Ukraine, a post-results transcript shows...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.