Standard Bank rallies as it reports growth in SA - but some pain in Africa

SA government now owns more than 20 percent of Woolworths

SA government is now Woolworths’ biggest shareholder The South African government’s state-owned Public Investment Corporation (PIC), now owns more than 20 percent of Woolworths. As reported by BusinessTech, Woolworths announced today, Friday, 14 March that the Public Investment Corporation had given formal notice that it had procured, in aggregate, 20.248 percent of the group’s ordinary shares. This total, up from the 15.1 percent recorded in th…

Standard Bank rallies as it reports growth in SA - but some pain in Africa

Standard Bank delivered lacklustre headline earnings growth of 4% to R44.5 billion for 2024, though its South African operations and insurance and asset management unit performed strongly.

South Africa’s Standard Bank reports 4% rise in annual profit

JOHANNESBURG (Reuters) – Africa’s biggest lender by assets, Standard Bank, on Thursday reported annual profit rose by 4% and declared a final dividend of 763 cents a share. South Africa-based Standard Bank said headline earnings rose to 44.5 billion rand ($2.42 billion) in the year ended December 31 versus 42.9 billion rand in the previous year. ($1 = 18.3709 rand) (Reporting by Nqobile Dludla; Editing by Christopher Cushing)

Standard Bank, led by South African banker Sim Tshabalala, posts $2.4 billion earnings

Key PointsStandard Bank’s headline earnings rose 3.62% to $2.43 billion in 2024, driven by higher net interest income and non-interest revenue.African markets contributed 41% of earnings, with strong growth in Angola, Ghana, Kenya, Nigeria, and South Africa.Standard Bank declared a $0.42 final dividend per share, totaling $691.24 million, with an April 11, 2025, record date.Standard Bank, Africa’s biggest lender by assets led by South African ba…

Standard Bank spent R22.4-billion on IT in 2024 - TechCentral

South Africa’s biggest corporate spender on IT has reported a 2% increase in full-year technology spending.