'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

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Mark Heywood (SECTION27, Treatment Action Campaign) opens up about money

Mark Heywood (SECTION27, Treatment Action Campaign) opens up about money

The Money Show’s Bruce Whitfield interviews the famed activist about his attitude to money (hopes and fears, successes and failures, etc.)

Speaking truth to power… Meet corruption buster Advocate Paul Hoffman

Speaking truth to power… Meet corruption buster Advocate Paul Hoffman

The Money Show’s Bruce Whitfield interviews the Accountability Now director about his book, “Confronting the Corrupt”.

3 wealth-boosting (small and mid-cap) stock picks

3 wealth-boosting (small and mid-cap) stock picks

Looking for a hot tip (or three)? Small and Medium Market Cap Analyst Anthony Clark reckons you’d do well to look into these...

What we learned from the 2017 World Economic Forum at Davos

What we learned from the 2017 World Economic Forum at Davos

The rise of populism… Donald Trump… a new leadership role for China… a fragile European Union… 2017 WEF - It’s a wrap!

Get the best money news/advice/interviews every Friday in your inbox (it’s FREE)

Get the best money news/advice/interviews every Friday in your inbox (it’s FREE)

Fan of The Money Show? Sign up for a newsletter containing the 10 most-read articles of the week. Here’s what you’ll be getting…

‘How I experienced the Brexit vote (and why I changed my mind along the way)’

‘How I experienced the Brexit vote (and why I changed my mind along the way)’

The Money Show’s Bruce Whitfield interviews Deon Gouws, Chief Investment Officer at Credo Group in London.

Popular articles
I paid for it, says Police Commissioner Phahlane. No you didn't, says Ipid

I paid for it, says Police Commissioner Phahlane. No you didn't, says Ipid

John Maytham interviews EWN’s Barry Bateman about the allegations against the Acting National Police Commissioner.

Orcas spotted in Langebaan Lagoon must've been hunting, says conservationist

Orcas spotted in Langebaan Lagoon must've been hunting, says conservationist

Capetonians are accustomed to seeing whales playing along the coast, but it is very rare to hear of orcas in the Langebaan Lagoon.

Photographer captures Cape's dwindling dam levels with a drone

Photographer captures Cape's dwindling dam levels with a drone

The latest figures show dam levels at 36.8%, which means they could run almost empty by the time 2017 the winter rains come.

Culprits spotted deliberately starting fires in the Cape

Culprits spotted deliberately starting fires in the Cape

Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.

Find out what the city-approved borehole sign looks like

Find out what the city-approved borehole sign looks like

Cape Town residents are concerned that residents might be wasting water and lying about having boreholes by using fake signs.

Meet Chuma Somdaka, a homeless artist who blogs about art

Meet Chuma Somdaka, a homeless artist who blogs about art

Chuma spends her days making art and her nights on a bench in The Company's Garden in Cape Town where she displays her artwork.