Standard Bank’s Africa bet delivers rich rewards
Earnings from the continent outperform other operations by far, endorsing its business strategy
14 March 2024 - 23:18
Standard Bank’s three-decade bet on Africa is yielding rich returns for the group as evidenced by a 27% surge in headline earnings to R43bn for the year to end-December, with earnings from its African operations jumping 49%.
Standard’s strong results come after Absa, which also has sizeable operations in the rest of Africa, reported earnings growth of just 1%. Nedbank grew earnings 11% and FirstRand 6%...
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.