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It’s one of the largest banks in Namibia and operates from more than 50 branches. So there was a familiar ring to the announcement on January 29th that ICBC would buy a 60% share of Standard Bank PLC, a London-based entity that trades currencies, commodities, stocks and bonds. Its parent in South Africa had found it hard to make the operation profitable.

STANDART BANK BUSINESS FINANCE

Texas mutual fund company says underweight the U.S. stock market and buy international equities. Standard Bank’s BizFlex digital loan facility has disbursed R3 billion to small, medium and micro enterprises in the past three years. Loan facility for … Read more

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“This will catapult us forward,” says David Munro, boss of Standard Bank’s corporate and investment-banking division. London’s hopes of becoming an offshore hub for trading the renminbi may explain why ICBC secured an option to buy a further 20% stake in the venture in a few years. Standard Bank’s CIB’s expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions. The Group has played a central role in the development of the Southern African economy … Read more

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R3’s distributed ledger technology enables all parties to share information across the network securely and in real time. Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses provide significant opportunities for growth. Financial inclusion is important for women because it helps them make payments reliably, access credit which can be invested in their enterprises, and to save. Financial inclusion has been seen to improve access to insurance products and services which are critical safeguards against risks in any type of … Read more

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This was at times inconveniencing and led to delays in the business. Now I have no such fears since I can pull it all alone,” says Itibi. Itibi now has two stores and the Glory Shop franchise is on the growth path. Stocks are on the steady increase and the working capital has provided a buffer to serve a growing clientele base. Woolworths Financial Services is a joint venture between Woolworths and Barclays Africa Group, with Barclays Africa Group owning 50% + 1 share. The WFS board is constituted with directors from both WHL and Barclays Africa Group, with direction … Read more

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Borrow on a medium-term loan, with the option to draw on the amounts you have already repaid. Structured repayments and availability of additional funds gives you better control of your finances, and allows you to plan for additional financing without needing to repeat application processes. An overdraft facility on your business’s current account is one of the most convenient ways to get operating capital. Once the approval process is completed, the overdraft facility is activated on your current account, providing immediate access to funds at your own discretion.

STANDART BANK BUSINESS FINANCE

For this reason, the Government decided to launch a Loan Guarantee Scheme … Read more

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Firstly, Standard Bank has always been an aspirational brand with a rich heritage – with the introduction of our MyMo account, over 1 million now – have been able to access our brand for the first time because of the extraordinary value offered. The account costs just R4.95 (approx. 30 US cents) monthly and all other costs are ‘pay as you use’. Thus, the power to control bank fees is placed into the hands of the customer, who has the choice of how to bank. We have a treasure chest of innovations and achievements, all of which impact individuals, businesses, … Read more