'We expect 0% growth in South Africa' - Standard Bank CEO Sim Tshabalala

Banks grow on the back of GDP growth and bank penetration. We expect 0% growth in South Africa.

Sim Tshabalala, Standard Bank

It’s not correct to say that banks are not lending.

Sim Tshabalala, Standard Bank

A large proportion of loan applications gets declined. Legislation compels us to not lend recklessly.

Sim Tshabalala, Standard Bank

The Money Show’s Bruce Whitfield interviewed Standard Bank CEO Sim Tshabalala.

Scroll down for more quotes from the audio below.

Operations outside of South Africa will grow faster than those in South Africa.

Sim Tshabalala, Standard Bank

The impact of Brexit on trade and investment is, quite possibly, negative for South Africa.

Sim Tshabalala, Standard Bank

The largest component of our profit is interest income.

Sim Tshabalala, Standard Bank

Competition is increasing. And the impact of that is to depress pricing.

Sim Tshabalala, Standard Bank

Fraud and crime are a big worry.

Sim Tshabalala, Standard Bank

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Article brought to us by Old Mutual.


This article first appeared on 702 : 'We expect 0% growth in South Africa' - Standard Bank CEO Sim Tshabalala


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