African Sovereign Ratings

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Standard Bank South Africa CEO pushes back against Moody’s credit risk concerns

Standard Bank SA CEO Sim Tshabalala Speaking at the Africa Unlocked Conference 2025 held in Cape Town, Standard Bank Group CEO Sim Tshabalala dismissed a recent Moody’s report flagging the bank’s exposure to South African government debt as a credit risk. He questioned the accuracy of the data, remarking, “We respectfully wonder what data they were using.” Moody’s had raised concerns over Standard Bank’s approximately R272 billion exposure—around 13% of its total assets […]

today14 July, 2025