Johannesburg, 20 February 2019 – Property rights, education and skills are crucial to SA’s economic future and Craig Polkinghorne, head of Commercial Banking, Standard Bank, welcomed the focus placed on addressing these key issues in Wednesday’s Budget.
Johannesburg, 20 February 2019: From a Wealth perspective the 2019 budget was relatively neutral with no changes to current tax brackets, no changes to capital gains tax, and no changes to inheritance taxes. There was also no direct mention of overseas allowances or any indication of an intention to change current exemption levels.
Johannesburg – 20 February 2019 – While this year’s national budget did not hold major wealth tax surprises Kuhle Kunene, Head Wealth Advisory at Standard Bank Wealth and Investment, says a stronger focus on growth and driving business is to be applauded.
Johannesburg, 20 February 2019: South Africans who are breathing a sigh of relief over the budget announcement that their nominal tax rates are to remain unchanged, have forgotten to account for the impact of inflation on their investments and savings.
Johannesburg, 5 January 2019 – Standard Bank has noted the unfounded claims made on Twitter by an individual stating that Standard Bank discriminates against clients based on race when pricing its products.
Effective 1 February 2019, Peggy-Sue Khumalo will assume the position of Chief Executive, Wealth: South Africa for Standard Bank. Peggy-Sue Khumalo brings with her a wealth of knowledge and institutional experience having served Investec for 17 years, with her career culminating in her appointment as Head of Public Sector and BEE Financing for Investec in 2013.
Over the past decade China’s trade with Africa increased from USD 100 billion in 2007 to USD 230 billion by the end of 2017. While much of this trade has been dominated by Chinese exports, the inaugural China International Import Expo (CIIE) held in Shanghai from 5 – 9 November 2019 marked the practical expression of China’s intention to change the content and balance of its trade with Africa.
Johannesburg, 21 November 2018 – In a further move to cement its position as an integrated financial services organisation offering exceptional value, Standard Bank is entering the airtime and data market with the launch today of its first mobile virtual network operator (MVNO) service, Standard Bank Mobile.
Johannesburg – 8 November 2018 – The Standard Bank Group has been approved to list on the A2X exchange on 8 November 2018. As this is a secondary listing, Standard Bank will retain its primary listing on the Johannesburg Stock Exchange. Standard Bank will list its ordinary shares and second preference shares on the A2X exchange.
7 November 2018 – Standard Bank has successfully launched its first Chinese internet banking site in Angola.
12 October 2018 – By Nnamdi Oranye, Fintech Author and International
Remittances Lead at Standard Bank Group
African economies are well positioned to benefit from rapidly accelerating technological change if they can harness the current open landscape for innovation.
Standard Bank reports solid results for the six months ended 30 June 2018