Risk of SA being kicked out of Agoa has receded, says Sim Tshabalala
Standard Bank CEO points to signs of better relations between Pretoria and Washington
07 September 2023 - 19:35
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...
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