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Sim Tshabalala is the CEO of one of Africa's largest banks, Standard Bank. In this edition of Business Daily, he tells Ed Butler about his journey from growing up under apartheid in South Africa, to be becoming a lawyer, then investment banker.He discusses the risks of lending to companies; how the continent is improving its trade relationships; and what he thinks the future of Africa will look like.If you would like to get in touch with the show, please email: businessdaily@bbc.co.ukPresenter: Ed Butler Producer: Amber MehmoodAdditional material: Reuters/British Pathé(Picture: Sim Tshabalala, CEO of Standard Bank Group, speaks at Semafor's The Next 3 Billion Summit at The Pierre Hotel on September 24, 2024 in New York City. Credit: Getty Images)
Some forecasts place Africa as the world's second-fastest-growing region in 2025, trailing only East Asia. But with uncertainty clouding the global economic outlook, Ed Butler explores whether the continent can maintain its growth momentum with Sim Tshabalala, CEO of Standard Bank, Africa's largest commercial lender.Meanwhile, Ethiopia's parliament has introduced a new tax on workers and businesses aimed at bridging the funding gap left by the suspension of USAID support.And at London's Heathrow Airport, questions are being asked about its resilience, after a fire at a nearby electrical substation forced Europe's busiest airport to shut down, leaving hundreds of thousands of passengers stranded.
Stephen Grootes delves into a trio of key topics, including the historic EU-South Africa summit, expert strategies for recession-proofing investment portfolios, and in-depth analysis of financial results with CEOs from Standard Bank and Exxaro. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk.There’s more from the show at www.themoneyshow.co.zaSubscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa.Follow us on:702 on Facebook: www.facebook.com/TalkRadio702702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.
Stephen Grootes speaks to CEO Sim Thsabalala Bank about Standard Bank Group's annual results, which saw headline earnings rise 4% to R44.5 billion, despite currency devaluations affecting its African operations. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk. There’s more from the show at www.themoneyshow.co.za Subscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa. Follow us on:702 on Facebook: www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Sim Tshabalala, CEO at Standard Bank about the initiative between the Department of Trade, Industry and Competition and the Standard Bank Group, aimed at boosting trade and investment ties between South Africa and the City of Atlanta.See omnystudio.com/listener for privacy information.
Bongani Bingwa speaks group CEO of Standard Bank, Sim Tshabalala about his award win for the Sunday Times Business Leader of the Year. See omnystudio.com/listener for privacy information.
Bongani Bingwa speaks to South African Reserve Bank governor Lesetja Kganyago, Standard Bank group CEO, Sim Tshabalala and former National Treasury Director General, Dondo Mogajane as they all pay tribute to the late former minister of finance and former SARB governor Tito Mboweni. See omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Sim Tshabalala, CEO of Standard Bank Group, and Dr. Iraj Abedian, CEO of Pan-African Investments and Research Services, about President Cyril Ramaphosa's US visit, where he urged American businesses to deepen their investment in South Africa. In other interviews on this episode of The Money Show, Matete Thulare, Head of FX Execution at RMB, speaks about the Rand breaking below R17.20 for the first time since January 2023.See omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Sim Tshabalala, CEO at Standard Bank Group, and Dr Iraj Abedian, CEO at Pan-African Investments and Research Services about President Cyril Ramaphosa's visit to the US. Ramaphosa told US businesses he would like them to deepen their investment ties with South Africa. See omnystudio.com/listener for privacy information.
Clement Manyathela speaks to Sim Tshabalala, Chief Executive of the Standard Bank Group about the investment and trade potential between China and South Africa.See omnystudio.com/listener for privacy information.
Standard Bank het vandag tussentydse winssyfers aangkondig. Die groep het R22 miljard se wins verdien, en die direksie het 'n tussentydse dividend van R7.44 per aandeel verklaar. Die uitvoerende hoof, Sim Tshabalala gesels oor die resultate. Volg RSG Geldsake op Twitter
Stephen Grootes speaks to Sim Tshabalala, CEO of Standard Bank Group about the bank's half-year results, exploring the highlights, challenges, and outlook for the remainder of the year.See omnystudio.com/listener for privacy information.
• Bruce Whitfield, the host, speaks with Governor Lesetja Kganyago of the South African Reserve Bank on the "one thing" he thinks can hasten the country's economic development. • Host Bruce Whitfield and Katlego Maphai, CEO of Yoco, explore the "one thing" that could further strengthen South Africa's start-up and small business sectors. • Adrian Gore, the founder and group chief executive officer of Discovery Limited; Sim Tshabalala, the CEO of Standard Bank Group; and Cumesh Moodliar, the CEO of Investec Bank, join Bruce Whitfield to talk about the "one thing" that, in their individual perspectives, would improve South Africa's banking, investment, and economic sectors. See omnystudio.com/listener for privacy information.
Adrian Gore, the founder and group chief executive officer of Discovery Limited; Sim Tshabalala, the CEO of Standard Bank Group; and Cumesh Moodliar, the CEO of Investec Bank, join Bruce Whitfield to talk about the "one thing" that, in their individual perspectives, would improve South Africa's banking, investment, and economic sectors. See omnystudio.com/listener for privacy information.
Sim Tshabalala, uitvoerende hoof van Standard Bank gesels oor hulle finansiële resultate en groei. Volg RSG Geldsake op Twitter
Sim Tshabalala, CEO of Standard Bank Group, discussed the attempted rand manipulation, Standard Bank's position and lack of evidence that the bank was involved in the rand manipulation, and the importance of bringing those involved into the crisis to justice.See omnystudio.com/listener for privacy information.
Clement is joined by Standard Bank CEO, Sim Tshabalala on the economic opportunities for the private sector within the BRICS member countries. See omnystudio.com/listener for privacy information.
Sim Tshabalala, Standard Bank group chief executive on their half-year financial results - and how trading in this tumultuous economy has been. Also, Dr Nombasa Tsengwa, Exxaro CEO on the company reporting a 29% decrease in half-year headline earnings as coal prices fell. On personal finance, Warren Ingram co-founder of Galileo Capital and personal financial advisor explained how parents can transfer money to their children.See omnystudio.com/listener for privacy information.
Sim Tshabalala, Standard Bank group chief executive on their half-year financial results - and how trading in this tumultuous economy has been. Also, Dr Nombasa Tsengwa, Exxaro CEO on the company reporting a 29% decrease in half-year headline earnings as coal prices fell. On personal finance, Warren Ingram co-founder of Galileo Capital and personal financial advisor explained how parents can transfer money to their children.See omnystudio.com/listener for privacy information.
Hendrik du Toit, uitvoerende hoof van Ninety One gesels oor die Wêreldbank-komitee en wat dit behels. Volg RSG Geldsake op Twitter
Some call him Baby Tiger Woods, and with his extraordinary talent on the golf course it's difficult to disagree. We meet rising golf star Sim Tshabalala.
Sim Tshabalala, Standard Bank group chief executive on how the bank is performing financially, while dealing with the effects of rolling blackouts. Leslie Ramsoomar, managing director at Stellantis discusses the multinational automotive manufacturing corporation's plan to build a plant in SA. Maya Fisher-French, personal finance expert explains why an endowment policy could be useful if you are considering emigration.See omnystudio.com/listener for privacy information.
In South Africa, CEO Sim Tshabalala of Standard Bank Group worked his way up from the country's largest Black township to lead one of Africa's largest financial institutions. It might seem like an improbable trajectory: from the “dusty streets of Soweto” to the executive suite of a highly influential business. In this episode, Tshabalala explains how hewing to a deep purpose guides his bank to do the right thing for shareholders and society – and how purpose gives his own life a clear direction.
Sifiso Skenjana speaks to Sim Tshabalala, Group CEO of Standard Bank about the company's results. See omnystudio.com/listener for privacy information.
Sim Tshabalala, Standard Bank group chief executive analyses the banks' interim financial results On The Money Show Explainer, Stuart Theobald, financial analyst and chairman at Intellidex delineates what grey-listing is, and its implications. For Friday, Mark Smyth, freelance automotive journalist reviews the new Aston Martin DBX707 SUV.See omnystudio.com/listener for privacy information.
Standard Bank has delivered record profit for its half year. The lender's headline earnings per share grew by 33% to R15.3 billion and it's lifted its dividend for the period by 43%. Standard Bank's cited continued balance sheet and franchise growth. Business Day TV unpacked the performance with CEO Sim Tshabalala
After running hard since mid-July, Standard Bank's share price dropped on the release of half year results to end June, reflecting Mr Market's inclination to buy on rumour, sell on fact. But with a 33% surge in headline earning to a fresh half year record, CEO Sim Tshabalala's description of "reasonable" results is an understatement. The bank's numbers are now back to pre-pandemic levels and in this in-depth interview with Alec Hogg of BizNews, the man who will next year celebrate a decade in the top job looks ahead and addresses key issues including booming non-SA operations; ambitious commitments for 2025; and 20% Chinese shareholder ICBC whose $5.6bn investment in 2007 is now worth a modest $3.5bn. Tshabalala also responds to criticism on BizNews by SA's leading banking analyst Kokkie Kooyman who opined that rather than challenging FirstRand as SA banking's top dog, Standard Bank's #2 spot is in danger of being yielded to Absa. Learn more about your ad choices. Visit megaphone.fm/adchoices
Greylist has black and white economic outcome. I'm pleased to see South Africa's looming potential greylisting by the Financial Action Task Force (FATF) is starting to receive the attention it deserves. National Treasury has certainly upped the ante publicly along with several respected CEOs, including Sim Tshabalala of Standard Bank and Hendrik du Toit of Ninety One. One wonders where this issue sits on the president's priority list (I suspect somewhere near the bottom) but the consequences for the country, local businesses and ordinary South Africans would be dire, increasing the cost of doing business, weakening the country's investment attractiveness and further cementing our decline towards ochlocracy. This past week the Prudential Authority (PA) released its second banking sector risk assessment. It surveyed 34 lenders active in SA, including five large banks, nine medium to small locally controlled banks, 17 foreign-controlled banks and branches of foreign banks, and three mutual banks. To talk about this Michael Avery is joined by Rebecca Thomson, Senior Associate at Allen & Overy's Litigation, Arbitration and Dispute Resolution practice and Paul O'Sullivan, founder of Paul O'Sullivan & Associates (the leading experts in Forensic & Fraud Investigation in South Africa)
Standard Bank Group CEO Sim Tshabalala hangs out with 702's Clement Manyathela in this inspiring interview. He plays some of his favourite songs and speaks about important issues including affirmative action, building and supporting black business, positive opportunities in challenging times, the state of the South African economy, and what we can learn from Aesop's Fables. --- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message
Standard Bank Group CEO Sim Tshabalala hangs out with 702's Clement Manyathela in this inspiring interview. He plays some of his favourite songs and speaks about important issues including affirmative action, building and supporting black business, positive opportunities in challenging times, the state of the South African economy, and what we can learn from Aesop's Fables. --- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message
This week Clement is hanging out with the Standard Bank Group CEO, Sim Tshabalala about his career and how he developed interest for the financial sector. See omnystudio.com/listener for privacy information.
Sim Tshabalala, CEO at Standard Bank on their financial results, their plan to sell their stake in Industrial and Commercial Bank of China and how to get the country's economy working again. For Friday File, Ashley Heather, founder and Goldsmith at AuTerra Jewellery on turning e-waste into gems. See omnystudio.com/listener for privacy information.
Standard Bank has delivered double digit profit growth. South Africa's second most valuable lender grew annual headline earnings by 57%, as low interest rates fuelled lending activity and credit impairments eased. BusinessDay TV discussed the performance with CEO Sim Tshabalala.
Sim Tshabalala is a modern-day Medici. Appearing like a conventional banker in his immaculate suit and tie, he's a deep-thinking man who understands the power of commerce to uplift the country, the role of arts in society and democracy. He's also the CEO of Standard Bank, the largest financial institution in Africa, who isn't afraid to compliment (and name-check) smaller competitors. He spoke to Stuff Studios editor-in-chief Toby Shapshak about the 159-year-old bank's evolution in this new cloud computing era, and how small fintechs are helping revolutionise financial inclusion in Africa. Read more on Stuff Studios.
This week The Economist auctioned off an Alice in Wonderland-inspired NFT for charity. Host Rachana Shanbhogue finds out how the sale went and explores the promise and pitfalls of this dizzying new market. Plus, the financial landscape in Africa is changing fast: we ask why the unicorn population has more than doubled this year and speak to Sim Tshabalala, head of the continent's largest lender, Standard Group Bank. Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.
This week The Economist auctioned off an Alice in Wonderland-inspired NFT for charity. Host Rachana Shanbhogue finds out how the sale went and explores the promise and pitfalls of this dizzying new market. Plus, the financial landscape in Africa is changing fast: we ask why the unicorn population has more than doubled this year and speak to Sim Tshabalala, head of the continent's largest lender, Standard Group Bank. Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.
Standard Bank Group CEO, Sim Tshabalala, participated in the Financial Times Global Boardroom: Strategies for a World Transformed by Crisis. In a keynote interview with FT journalist David Pilling, he spoke about the environmental agenda and #Africa and the bank's role in driving sustainable economic development on the continent; the impact of COVID-19 on the South African economy and the expected vaccination roll-out. For more information on investment opportunities in Africa, click here: https://corporateandinvestment.standardbank.com/ --- Send in a voice message: https://anchor.fm/standardbankcib/message
Our executives Sim Tshabalala, Standard Bank Group CEO, Funeka Montjane, Standard Bank Group: CEO – Consumer and High Net Worth & Ethel Nyembe, Standard Bank: Head of Group Card & Payments spoke with Khaya Sithole on the Leadership Dialogue programme, listen here. --- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message
Bruce Whitfield speaks to Sim Tshabalala, CEO at Standard Bank about annual earnings falling by 20%. Sanlam reported a 24% rise in full-year profit. AirBnB partners with SA Tourism, SnapScan to help recovery of small local businesses See omnystudio.com/listener for privacy information.
Our CE for Standard Bank Group, Sim Tshabalala will be talking to Bruce Whitfield on @Radio702 about our interim results --- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message
we look at tax revenue in the first quarter of the current financial year was R13.1-billion lower than predicted, Standard Bank, has appointed Sim Tshabalala as its first black chief executive after four years of sharing the role, OPEC members considering a further extension to production cuts and APPLE reveals new Products with Lehumo investments CEO, Maudi Lenstaone.