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  • Who we are
    • Our group at a glance
    • Our Values and Code of Ethics
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    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
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    • Our global presence
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    0860 109 075
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    +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.

    Contact us
    Contact Centre
    0860 109 075
    International
    +27 11 636 9111
  • Why we matter
    • Our Sponsorships
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    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.
    Standard Bank Group Milestones

    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
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  • What we do
    • Our Business

    We are a financial services group, offering services and solutions for 158 years, to Consumer & High Net Worth Clients, Business & Commercial Clients and Wholesale Clients in and across Africa as well as key global locations.

     

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    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.
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    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.

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Transformation in South Africa
Annual Integrated Report

Transformation in South Africa

Standard Bank South Africa’s (SBSA) transformation report provides an overview of our commitment to driving sustainable and inclusive economic growth through economic inclusion and transformation in South Africa.

The report is structured according to the elements of the Financial Sector Code (FSC) and covers the initiatives, projects and strategies we’ve put in place to drive transformation within the bank and the economy.

The COVID-19 pandemic shone the spotlight on the inequalities in society across the world. These inequalities are evident across various “lines” including racial and income. The World Economic Forum highlights five main areas in which the pandemic highlighted inequality1: health access and outcomes, the digital divide, jobs in a virtual world, accessibility and disability and access to green spaces.

We, as Standard Bank, have always been intentional about “driving Africa’s growth.” We reflect our commitment to improving societies in the Social, Economic and Environmental (“SEE”) value driver which is a component of our strategy. A key component of this is transformation. The pandemic challenged us to consider how we contribute to the communities we operate in. Nobody knew how long the crisis would continue for or how severe it would be and our approach evolved as the crisis did. Our efforts were focused on three components of our Social, Economic and Environmental (“SEE”) strategy, namely: health, education and jobs & enterprises.

Here are several the things we did:

  • Supporting our existing ECD partners to adapt their support to lockdown circumstances, especially ensuring the entire ECD eco-system is functioning and including educational materials and child nutritional support [••% of these serve communities which are historically disadvantaged]
  • We participated in disbursing the funds which were made available to small businesses through the SA Future Trust. Standard Bank disbursed Rm [••% of the businesses were owned by historically disadvantage individuals]
  • We participated in the COVID-19 Loan Guarantee Scheme which provided funding to small businesses and disbursed R••m. [••% of the businesses were owned by historically disadvantage individuals]
  • We adjusted our learnership and internship programmes (99.5% of the participants are black) to enable the participants to gain the full value of the work experience. For example, we extended the duration and enabled the participants to gain their work experience through digital means.
  • We launched a Targeted Enterprise Development Fund in April 2020 to support SME job preservation. The Fund, available across eight provinces, disbursed loans to the value of R1.3 million, at 0% interest and 0% initiation fee, to qualifying SMEs, with an average loan size of R30 000.
  • We facilitated payments of SASSA grants, reducing ATM fees, supporting the payment of special Covid-19 grants through the ITS Instant Money solution, and reducing cash and acquiring fees.

Standard Bank’s contribution in South Africa

The transformation of South Africa’s economy is a multi-faceted and longterm undertaking. We are committed to playing our role in supporting this transformation. We recognise that broad-based black economic empowerment (BBBEE) is a moral, legal and commercial imperative, crucial to securing a more sustainable growth path for South Africa, and central to our legitimacy and social licence to operate in South Africa

Social and economic transformation is a moral requirement

South Africa needs an economy in which every South African, regardless of their race or gender or the situation into which they were born, can access the basic necessities of life and dignity, and an economy in which success and prosperity are the result of hard work and talent, rather than inherited privilege or personal connections.

Social and economic transformation is a moral requirement
Social and economic transformation is a commercial necessity
Social and economic transformation is a commercial necessity

As a financial services company, it is our core business to support economic growth, enterprise development, and job creation.

We exist to help people to save and build wealth; to keep depositors’ money safe and ensure that it is available to them when they need it; to lend depositors’ funds responsibly and finance productive economic activity; and to partner with the first-time home buyer and the young entrepreneur.

This is the basis of our profitability and sustainability as a bank.