Standard Bank Group’s financial performance for the year ended 31 December 2017 was strong. The group delivered 14% growth in headline earnings to R26.3 billion and ROE improved to 17.1% from 15.3% in 2016. The group’s capital position remained robust, with a CET1 ratio of 13.5%.
This year’s Budget comes amid significant political change, with the prospect of another ratings downgrade still looming over the economy.
Johannesburg, 15 February 2018: President Ramaphosa has taken on an immense responsibility and faces many daunting and urgent challenges.
Johannesburg, 5 February 2018: In a dual development set to transform Africa’s access to China as well as simplify the ability of Chinese to transact in Africa.
Johannesburg, 2017-10-06: South Africans are, rightly, very concerned by the evidence of serious and widespread corruption in our country.
Johannesburg, 12 September 2017: Following a carefully planned management succession process Standard Bank Group announces changes to its current joint-group chief executive structure.
The last two decades have seen unprecedented levels of growth in Africa. While much of this can be explained by rapid changes in technology, growth-oriented government policy and the advance of democracy, the hard work and vision of ordinary Africans have played a critical role....
Standard Bank Group’s financial performance for the year ended 31 December 2017 was strong