• Who we are
    • Our group at a glance
    • Our Values and Code of Ethics
    • Corporate Governance
    • Our Leadership
    • Our Structure
    • It Can Be

    Standard Bank Group is a financial institution that offers banking and financial services to individuals, businesses, institutions and corporations in Africa and abroad.

    Find out about:

    • Our Strategy
    • Our financial results
    • Our global presence
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111
    All our products and services are based on a set of values that uphold the empowerment of our customers. Both internally, and in daily engagement with the our clients we foster transparency, innovation, accountability and superior service.
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111
    We ensure that all our services and products across borders are compliant with local legislation wherever we go. As we grow in Africa, we will continue to review our systems and processes according to the best possible compliance and risk management skills.
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111

    Our board of directors aims to promote the group’s long-term success. It delegates day-to-day management of the business and implementation of strategy to the Group Chief Executive, who is supported by the Group Leadership Council.

    Find out about:

    • Our Board of Directors
    • Our Group Leadership Council
    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111

    We operate across the African continent through a number of subsidiaries, to provide solutions to all our clients.

    Find out about  our subsidiaries.

    Africa is our home. An exciting place, bursting with possibilities. In every corner, individuals and businesses are working relentlessly to achieve their dreams.

    We believe that dreams matter. They are the fuel that powers the future. To realise dreams, we take uncharted paths together. Paths that lead to growth. That’s why, every day, we are committed to finding new ways to make dreams possible.

  • Why we matter
    • Climate strategy
    • Our Sponsorships
    • Our Achievements
    • Reporting to society

    Our purpose is to drive Africa’s growth. We aim to do this in a sustainable and inclusive way. This means that we strive to have a positive impact through our business on important aspects of Africa’s development like education, infrastructure, financial inclusion and other UN Sustainable Development Goals.

    It also requires that we reduce the negative impacts of our business on the environment and society. Climate change is an important issue with implications for Africa’s growth. As the largest bank on the continent, we have the opportunity to play a leading role in supporting a just energy transition for Africa.

    Latest news
    Climate strategy
    Standard Bank unveils climate targets to support Africa’s sustainable development
    Group sets course for a net zero future and pledges to mobilise a cumulative amount of between R250 billion and R300 billion in sustainable finance by end of 2026.
    Our sponsorship initiatives promote community upliftment through the support of sporting, art and music events, teams, festivals and clinics. We strive to nurture growing talents and to aid local communities to grow in their chosen fields.
    We are proud to be a part of what’s happening in Africa. By fostering growth opportunities on the continent, we believe that hands across borders will continue to strengthen business in Africa.

    We drive sustainable and inclusive economic growth in Africa. To ensure our commitment to making a positive and lasting impact, we have developed a framework of initiatives and objectives towards long-term social, economic and environmental upliftment.

    • Our purpose
    • Social, Economic and Environmental framework
    • Our impact areas
    • Download reports
  • What we do
    • Our Business

    We are a financial services group, offering services and solutions for 159 years, to Consumer & High Net Worth Clients, Business & Commercial Clients and Corporate and Investment Banking in and across Africa as well as key global locations.

     

  • Whats happening
    • Voices of Resilience
    • Newsroom
    • Covid-19
    • Campaigns
    • HeforShe
    • Our Financials
    Get local and international financial report, analysis, commentary, banking news and all the stories you want to know.
    Latest news
    Peoples health and lives come first - Sim
    We're here for you as we face this pandemic
    Our teams are ready to serve our individual, business and corporate clients as usual. While doing everything we can to keep our staff and clients safe, and to flatten the curve, we have also taken all the necessary steps to ensure that our essential services will be able to function.
    Latest news
    Peoples health and lives come first - Sim
    We're here for you as we face this pandemic
    Our teams are ready to serve our individual, business and corporate clients as usual. While doing everything we can to keep our staff and clients safe, and to flatten the curve, we have also taken all the necessary steps to ensure that our essential services will be able to function.
    A view of all the campaigns within our group.
    Campaigns
    Changing the present to reshape the future
    At Standard Bank our dream is that everyone's dreams can be. We can work together. We can find solutions. And we can prove that with the right help, It Can Be.

    Gender equity is a fundamental human right, and Standard Bank Group has committed to help create a gender-equal world.

Standard Bank Group
Sign in
Standard Bank Group
Who we are
Who we are
Our group at a glance
Our Values and Code of Ethics
Corporate Governance
Our Leadership
Our Structure
It Can Be
Why we matter
Why we matter
Careers
Sponsorships
Sustainability 25 July 2022

The future of work is more than just a job

Standard Bank’s universities’ investment builds a new generation of entrepreneurs

Standard Bank’s investment in the Universities South Africa (USAf) Entrepreneurship Development in Higher Education (EDHE) programme has led to the establishment of Economic Activation Offices (EAO) at 10 South African public universities. EAOs prepare university students for entrepreneurship, helping young South Africans start and build independent business opportunities and reduce dependence on the country’s constrained job market.

“The creation of small businesses across South Africa can help unlock our country’s economic potential, and combat persistent unemployment,” says Ben Pretorius, Head of the Education Sector at Standard Bank. Currently, however, “the resources available to entrepreneurs are often not suitable for start-ups,  or just too expensive, or unsupported, in the ideation phase,” he adds. 

As part of Standard Bank’s education initiatives for 2022 and beyond, the African financial services group is looking to enable and equip young entrepreneurs with the right tools and support to actively develop and grow their own businesses, as an alternative to formal employment,” says Pretorius.

According to Statistics South Africa, the country’s unemployment rate increased to 34.9% in the third quarter of 2021, the highest level on record. In this environment, and also as large organisations seek to rationalise in tough times, sufficient new jobs are unlikely to come from the formal sector alone. Instead, new employment opportunities will also need to be generated by entrepreneurs, especially small, media and micro enterprises (SMMEs).  

Mr Richardt Kok, EDHE’s Stakeholder Manager, reports that through its Communities of Practice programme, the EDHE is successfully incubating entrepreneurial activity and opportunities at university level through its tried, tested and functioning EAOs. “Integrating these efforts more closely with universities’ curricula holds the potential to deepen and extend the impact of EDHE structures on entrepreneurial development and job creation at South African universities,” says Kok. To this end, additional EAOs will be piloted at other South African universities, “forming the nuclei of a national entrepreneurship and independent job creation system,” adds Kok.

Functions of EAO’s include:

  • Working closely with Technology Transfer Offices (TTOs), business incubators, centres for entrepreneurship and other existing entities within universities
  • Facilitating and coordinating support, networking and information sharing across the broader university communities
  • Providing information to entrepreneurship ideas and developments at member universities

The first ten EAOs invested in by Standard Bank in 2022 are located at:

  • Cape Peninsula University of Technology
  • Durban University of Technology
  • Nelson Mandela University
  • Sol Plaatje University
  • Tshwane University of Technology
  • University of Limpopo
  • University of Cape Town
  • University of Johannesburg
  • University of Venda
  • Walter Sisulu University

All these EAOs provide support to students involved in each universities’ entrepreneurship and innovation ecosystems. Their activities focus on facilitation and coordination of support, networking and information sharing across the broader university as well as the local business communities and economies in which universities operate.

“Looking ahead, EAOs will seek to both formalise and streamline entrepreneurial activities within the institutions while accelerating their integration with national entrepreneurship programmes and resources,” says Kok.

By strengthening the entrepreneurial ecosystem within and around these institutions, universities will serve as critical hubs for the formation of a more entrepreneurial culture amongst South African youth. They will also “serve as points of innovation, giving rise to new business concepts and service ideas suited to tomorrow’s economy and the future world of work,” adds Pretorius.  While the Standard Bank USAf investment is currently operational at 10 universities, the programme will be extended to other South African universities in 2023 and 2024.

With the Group’s purpose to drive Africa’s growth, “Standard Bank has a vested interest in empowering the youth of the continent, especially by focusing on education as a tool for entrepreneurship,” adds Pretorius. While the value of education cannot be understated, academics alone are not enough. Entrepreneurship, or the skills to turn ideas into great businesses, is they key ability required in today’s economy.  “As we grow this network of EAOs, we will build a culture of enterprise from a young age so that people enter today’s marketplace brimming with innovative ideas, aware of rich possibilities and, above all, equipped with the skills to realise these possibilities,” concludes Pretorius.

For further information on how to bring your great business idea to life, visit www.edhe.co.za