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Standard Bank reasonably satisfied with CSA’s planned remedial actions to address stakeholder concerns

JOHANNESBURG – 3 DECEMBER 2019: Standard Bank concluded a productive meeting with Cricket South Africa last night amid reported governance and conduct challenges that have tarnished the image of cricket in South Africa.

CSA assured Standard Bank, a title sponsor of the South African men’s national cricket team, that it will urgently take the South African public into its confidence about the state of governance at the cricket administrative body.

At the meeting, Standard Bank expressed its displeasure at the unsatisfactory manner in which CSA had engaged some of its stakeholders on the reported governance issues.

“As a major sponsor of cricket in South Africa, we believe that we should have been afforded the courtesy to be kept abreast of these developments within CSA, and not to hear about them from the media in the unfortunate manner that we did,” said Thulani Sibeko, Standard Bank Group Chief Marketing Officer.

Standard Bank acknowledged CSA’s undertaking to urgently implement remedial actions to address stakeholder concerns, including the unacceptable manner in which it treated members of the media.

 

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