We offer customised overdraft facilities to meet your working capital and short term funding needs. Year Event Description 2022 New Products/Services In September, the company announced to launching an easy-to-use mobile app. 2022 New Products/Services In May, the company announced the opening of access to a comprehensive and sustainable supply of renewable energy solutions and components to homeowners and enterprises throughout Africa. 2022 Contracts/Agreements In January, the company, Nomanini and Nestle partnered to solve the stock needs of Africa’s underbanked informal retail traders. Any Small and Medium sector enterprise (Proprietorship/ Partnership/ Private Limited company) having the experience of successfully managing the business for at least 2 years may apply for the loan. If you are thinking about Standard Bank’s Business Revolving Loans to make your business grow, you will need to have a Business Current Bank Account from Standard Bank.
- Get flexible business insurance from brokers who specialize in your sector.
- Using airtime sales data or GPS location, for example, Standard Bank can see and track smaller businesses’ activities, transactions growth or stock movements.
- Standard Bank’s Executive & Head of Environmental and Social Advisory within Investment Banking, Nigel Beck, will be the bank’s lead representative and chair.
- The bank’s origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa.
Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB. Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.
How Standard Bank is tapping into Africa’s SME market
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, or communities.
Using airtime sales data or GPS location, for example, Standard Bank can see and track smaller businesses’ activities, transactions growth or stock movements. This digital intelligence provides a sufficiently reliable view on which to advance growth finance on terms that support differential re-payment structures aligned to individual businesses’ varying cash, stock, or sales positions. There are plenty of little details to take care of at the same time. If you need funds to make your business better, Standard Bank can clearly give you a hand. So, before I end up these lines, I want to recommend you compare other bank’s business loans before deciding. For example, you can look at Absa Business loans to find out if you are making the right decision.
Standard Bank Group Ltd: Overview
The wealthy South African lawyer, entrepreneur, trade unionist, politician, influencer and Renaissance man just closed a deal to operate McDonald’s in his home country. Lien of cash collateral and other encashable financial instrument. Information about each member or partner’ declaration of liabilities and assets. Find out about discretionary portfolio management for your business. If you’ve had a Business Current Account with us for more than six months, we may not need you to provide certain information. Loan or overdraft amounts are based on how you manage your account and turnover.