insert_link Africa 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
Africa Africa’s cashless revolution is on, banking on virtual cards By Bonface Orucho, bird story agency International card companies are vying for Africa's fast-evolving electronic payments market as middle-class incomes rise and the quest for cashless transactions intensifies. UnionPay International, a subsidiary of China's Union Pay, is the latest entrant in the African card payments market, warming up to face-off with Visa and Mastercard. Notably, UnionPay International is partnering with the Standard Bank Group, the largest bank in […] today23 January, 2024
