Ben Kruger steps down as Standard Bank joint CEO. Tshabalala now group CE.
Ben Kruger has stepped down from the role of joint-group chief executive with immediate effect, but he remains an executive director of the company.
Ben Kruger has stepped down from the role of joint-group chief executive with immediate effect, but he remains an executive director of the company.
South Africa’s four biggest banks, criticised by President Jacob Zuma for doing too little to boost black participation in their companies, haven’t done themselves any favours.
Maria Ramos, who is steering the lender through an exit by its London-based parent, generated more profit for every unit of pay last year than her South African peers.
A meeting scheduled between ANC Youth League President Collin Maine and Gupta-owned Oakbay employees ended abruptly when they chased him away.
Leading company CEOs give Pravin Gordhan’s appointment as the new finance minister the thumbs up and pledge their support.
Standard Bank, for decades Africa’s most valuable financial institution before mis-steps saw that crown shift to FirstRand, is showing signs of a comeback.
Last year in Davos I got to meet Al Anstey, head of Al-Jazeera television’s English service. It was a few weeks after the arrest of three of his colleagues and Anstey was lobbying hard for their release.
Octogenarian Neil Jowell of Trencor is comfortably the oldest of the Top 100 while PSG’s Piet Mouton, at 37, is three years below the next youngest CEO.
One of South Africa’s more neglected natural resources is its people. Unemployment is high, and the education system, burdened by the legacy of apartheid, is still struggling to improve standards. This puts ADvTECH in a unique position. As a private education and recruitment company, ADvTECH is wholly focused on nurturing young talent, and finding and … Read more
Banks are businesses that are strongly keyed to interest rates. When rates are high, banks tend to see their earnings increase, albeit with a simultaneous growth in bad debts. When rates are low, bank margins get tighter even as lending books grow. It’s no surprise, then, that Standard Bank has seen its return on equity shrink … Read more