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
State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.
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