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Sim Tshabalala Appointed Interim CEO at SBSA

Standard Bank Group has announced the appointment of Sim Tshabalala as Interim Chief Executive of The Standard Bank of South Africa Limited (SBSA) with effect from 8 April 2025, subject to regulatory approval. Accordingly, Sim will serve in a dual capacity as Chief Executive of Standard Bank Group and SBSA, and as executive director on the boards of both companies, until such time as the boards make further announcements regarding executive succession planning.

Lungisa Fuzile, the current Regional Chief Executive for the Group’s South and Central Region, has been appointed as Interim Chief Executive of Africa Regions and Offshore, also with effect from 8 April 2025, subject to regulatory approval. Lungisa will report to Sim Tshabalala and will join the Group Leadership Council (GLC).

Sim Tshabalala, Chief Executive of Standard Bank Group, says, “Lungisa and I will work together closely as we continue to develop and execute the Group’s strategy in relation to its footprint outside of South Africa. We congratulate Lungisa as he takes on these expanded responsibilities and wish him success in his new role.”

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