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You are here: Home / Archives for Standard Bank

Standard Bank

19 March 2025

A Competition to Drive Eswatini’s Artisans to Success

Location: News

International Trade Centre
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The European Union (EU) and International Trade Centre (ITC) launched a unique competition to empower Eswatini's artisans by providing game-changing support to small businesses. This collaboration, with a Toyota 2.8 GD6 vehicle as the grand prize, aimed at driving innovation, market expansion, and new opportunities.

When Bafanabethu ‘Bethu' Gina, Managing Director of Favourite Designs, entered the competition, he saw it as more than just an opportunity to win a vehicle worth close to €18,000 – it was a chance to accelerate his company's expansion.

Favourite Designs, a fast-growing furniture and décor manufacturing enterprise in Eswatini, has been paving its way in the artisan industry. He uses traditional techniques like grass weaving to create baskets, lamp shades and other homewares with a modern sensibility.

‘This vehicle is more than just a mode of transport – it's a game-changer for our business,' says Bethu. ‘It will allow us to reach new customers, access rural suppliers more efficiently, and expand into the South African market. Our goal is to triple our market size by leveraging this opportunity to grow beyond Eswatini.'

Preserving culture with innovation

Founded in Matsapha, Eswatini, Favourite Designs combines modern design principles with traditional Swati craftsmanship. The company works closely with rural artisans, particularly women, sourcing raw materials and helping to preserve Swati cultural identity through handcrafted pieces. Bethu sees his role not only as a designer and entrepreneur but as someone who inspires fellow artisans to integrate design thinking into their craft, making their products more competitive in the global market.

‘I love how Emaswati artisans have preserved our culture through beautiful, handcrafted work, passing down traditions from generation to generation,' he says. ‘I see Eswatini's artisan and design industry growing substantially in the next five years. But we need to inspire artisans – both aspiring and practicing – to intentionally apply design principles from conceptualization to realization. This will enhance product quality and make Eswatini crafts globally competitive while preserving our cultural heritage.'

Plans to scale are in motion

Favourite Designs is a key participant in the EU, ITC, and House on Fire Artisanal Incubator Programme, which nurtures emerging businesses in the handcraft and artisanal food sectors. Through this initiative, Bethu's company has:

  • Showcased work at major events like the MTN Bushfire Festival and Standard Bank Luju Food & Lifestyle Festival
  • Collaborated with international designers, including Finnish designer Mari Koppanen
  • Featured at prestigious international exhibitions, such as the Paris Design Show in 2024

The new Toyota 2.8 GD6 vehicle will expand these opportunities. It will help Favourite Designs connect with international buyers, attend trade shows, and access key regional markets like South Africa. He'd already been saving for a vehicle so that he can meet with his rural suppliers and make deliveries to customers. Now he can use those savings to invest in other parts of his business.

The EU seeks to foster space for enterprise creativity 

The EU and ITC structured this competition not just as a giveaway but as an opportunity to reward resilience and innovation.

‘Rather than a simple donation, we designed a competition to reward an entrepreneur who has demonstrated resilience and innovation,' said EU Ambassador to Eswatini, Karsten Mecklenburg. ‘Favourite Designs has shown exceptional growth potential, and we are confident this vehicle will be instrumental in their success.'

Bethu's winning competition entry video creatively told the company's story while addressing the competition's objectives. He structured the submission like a design brief, integrating a script, storytelling elements, and real footage from his journey with ITC since 2023.

‘I wanted to demonstrate the progress we've made as a result of ITC's intervention and how the vehicle would boost our operations and growth,' he explains. ‘The first minute of the video is a skit showcasing how we would use the vehicle, followed by three minutes of our ITC-supported journey, and a final call-to-action statement. I shot and edited everything using just my mobile phone.'

Favourite Designs is a shining example of how local businesses can scale internationally with the right support, vision, and innovation.

With a new vehicle and growing recognition, Favourite Designs is well on its way to becoming an international success story.

Distributed by APO Group on behalf of International Trade Centre.

Read moreA Competition to Drive Eswatini’s Artisans to Success
18 March 2025

High-Income Earners Rely on Payouts for Half Their Income and Building Wealth

Location: Business

December may be South Africa’s traditional month for 13th cheques, but March brings another wave of bonus payouts, creating income spikes that influence savings, debt repayments, investments, and travel – especially among high-income earners. Salary data from Standard Bank shows significant lump sum payouts in March, particularly among customers earning over R4 million a year, …

Read moreHigh-Income Earners Rely on Payouts for Half Their Income and Building Wealth
17 March 2025

Kenny Fihla Resigns

Location: Business

After 18 years of service to the Standard Bank Group, Kenny Fihla, the Group’s Deputy Chief Executive and Chief Executive of SBSA, tendered his resignation last night. He will proceed on garden leave as of today. Whilst this is a heavy blow for us, the Group is blessed with a surfeit of talent and deep …

Read moreKenny Fihla Resigns
13 March 2025

Africa Tech Festival Announces Leadership Council for 2025

Location: Business
Africa Tech Festival

Africa Tech Festival (www.AfricaTechFestival.com), the continent's leading platform for technology innovation and connectivity, is proud to announce the esteemed members of its Leadership Council for 2025. Comprising influential leaders from across Africa's technology, business, and investment sectors, the Leadership Council will play a pivotal role in shaping the festival's agenda, ensuring it remains at the forefront of industry trends, policy discussions, and digital transformation.

The Africa Tech Festival 2025 Leadership Council comprises of:

  • Brelotte Ba, Deputy CEO of Orange Middle East and Africa, Orange​
  • Antoinette Kwofie, Chief Financial Officer, MTN Ghana
  • Bunmi Adeleye, Chief Strategy Officer, Retail Supermarkets Nigeria (Shoprite Nigeria)
  • Charles Murito, Regional Director, Government Affairs & Public Affairs, Sub-Saharan Africa, Google​
  • Dido wa Kalonji, Chief Information Officer, First National Bank – Eswatini​
  • Faith Burn, Chief Information Officer, Eskom​
  • Nicolas Pompigne-Mognard, Founder and Chairman, APO Group​
  • Nina Triantis, Global Head Telecoms, Media and Technology, Client Coverage, Corporate and Investment Banking, Standard Bank​
  • Nomsa Chabeli, Group CEO, SABC​
  • Mary Mahuma, Chief Information Officer, Southern Africa, Philip Morris​
  • Philip Besiimire, CEO, Vodacom Tanzania​
  • President Ntuli, Managing Director, South Africa, Hewlett Packard Enterprise​
  • Ravi Bhat, Chief Technology and Solutions Officer, Microsoft Africa​
  • Ayanda Peta, Chief Information Security Officer, African Rainbow Minerals​
  • Richard Cazalet, Executive: Strategy and Transformation, Telkom SA​
  • Shamiela Letsoalo, Director: Public Affairs, Naspers Limited

Bringing together a wealth of expertise, the Leadership Council will provide strategic guidance to ensure Africa Tech Festival continues to address the most pressing issues and opportunities within Africa's digital economy. Their insights will help drive meaningful discussions on connectivity, AI, fintech, cybersecurity, cloud, and the future of digital infrastructure across Africa.

“Africa Tech Festival serves as a platform for connection, collaboration, and innovation across the continent,” said James Williams, Event Director of Africa Tech Festival. “With the guidance of our Leadership Council, we will continue to curate an event that drives impactful conversations, supports industry growth, and fosters Africa's position as a global technology leader.”

Distributed by APO Group on behalf of Africa Tech Festival.

Media Contact:
Tori Wilson
Senior Marketing Manager
tori.wilson@informa.com

About Africa Tech Festival 2025:
Now in its 28th edition, Africa Tech Festival 2025 will take place from 11 to 13 November 2025 at the Cape Town International Convention Centre (CTICC), bringing together over 15,000 technology leaders, policymakers, investors, startups, and visionaries. The festival encompasses four anchor events:

  • AfricaCom – The continent's largest telecoms and connectivity event
  • AfricaTech – The hub for technology, innovation, and enterprise growth
  • AfricaIgnite – Driving growth and impact in Africa's startup ecosystem
  • The AI Summit Cape Town – Where commercial AI comes to life

With over 500 speakers, 300 exhibitors, and multiple networking opportunities, Africa Tech Festival remains the largest and most influential tech event on the continent.

For more information about Africa Tech Festival 2025 and its Leadership Council, visit www.AfricaTechFestival.com.

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Africa Tech Festival
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Read moreAfrica Tech Festival Announces Leadership Council for 2025
13 March 2025

How the 2025 Budget Will Impact Consumers

Location: Business

Written by Thabani Ndwandwe, Chief Risk Officer, Standard Bank South Africans were eagerly awaiting Finance Minister Enoch Godongwana’s 2025 Budget Speech, hoping for measures to ease financial pressure. However, the budget presents a mixed bag—while it seeks to stabilise government finances, the cost of living is set to rise due to tax changes. The question …

Read moreHow the 2025 Budget Will Impact Consumers
13 March 2025

Strong Returns and Increased Dividends for Standard Bank Group

Location: Business

The Standard Bank Group has reported R45 billion of headline earnings and a return on equity of 18.5%. This performance is underpinned by continued balance sheet growth, lower credit impairment charges and flat costs in the banking franchise and a robust performance in Insurance & Asset Management. Financial Highlights:  Headline earnings: R45 billion Headline earnings …

Read moreStrong Returns and Increased Dividends for Standard Bank Group
12 March 2025

0.5%: Struggling South Africans Brace for Greater Financial Strain

Location: Business

As Finance Minister Enoch Godongwana announced a 100-basis-point increase in South Africa’s Value-Added Tax (VAT) over two years, a new study from the UCT Liberty Institute of Strategic Marketing reveals a grim reality— many households are already struggling to make ends meet and rely on others for food before their next payday. The study, called …

Read more0.5%: Struggling South Africans Brace for Greater Financial Strain
10 March 2025

Here’s How a Disabled Person Spent Their Grant

Location: News

We spent time with 31-year-old Khanyo Mantshi from Khayelitsha who says his grant falls short of his needs

Read moreHere’s How a Disabled Person Spent Their Grant
8 March 2025

Allegations of Fraudulent Payments Amounting to Billions at PRASA

Location: News

A whistleblower report containing damning allegations is to be investigated

Read moreAllegations of Fraudulent Payments Amounting to Billions at PRASA
6 March 2025

Women-Focused Program Launching in Ghana

Location: Business

Empowering women through tailored financial services is not just a goal but a proven strategy for unlocking economic potential. Recognising the impact of women-focused programmes in underserved communities, Standard Bank is now expanding its female-centric propositions to two more countries. Through initiatives like the Dare to Aspire and Dare to Achieve (DADA) programme in Stanbic …

Read moreWomen-Focused Program Launching in Ghana
6 March 2025

Sustainability Is a Growth Opportunity

Location: Business

The Africa Green Economy Summit (AGES), which took place in Cape Town recently, reinforced a crucial message, that sustainability is not just a responsibility; it is an opportunity. By working together, businesses, financial institutions, and policymakers can turn the transition to a green economy into a driver of long-term growth. The summit highlighted how innovation, …

Read moreSustainability Is a Growth Opportunity
6 March 2025

Inaugural AMC

Location: Business

Standard Bank, the biggest bank in Africa by assets, is gearing up to host its first African Markets Conference (AMC). The Conference, which will be held in Cape Town later this month, is a key element of Standard Bank’s drive to improve integration and ease of doing business across the continent. “This game-changing conference will …

Read moreInaugural AMC
4 March 2025

Backing Local Entrepreneurs

Location: Business

Standard Bank will be one of the sponsors of the 13th annual Buy Local Summit and Expo, hosted by Proudly South African, to be held at the Sandton Convention Centre on 17 and 18 March 2025. As one of the most significant platforms for championing locally manufactured goods, the event also serves as a crucial …

Read moreBacking Local Entrepreneurs
3 March 2025

South Africans Are Buying Cars Again

Location: Business

While many consumers still faced financial strain in 2024, their confidence levels appear to be improving, with more people looking to buy cars last year. Thanks in part to the slight decline in interest rates in 2024, Standard Bank Vehicle and Asset Finance (VAF) recorded an increase of over 5% in vehicle loan applications. This …

Read moreSouth Africans Are Buying Cars Again
27 February 2025

Up to 40% Back In Rewards Points from Sixty60

Location: Business

In a move aimed at easing financial pressures and bring more value to customers, Standard Bank has partnered with South Africa’s largest retailer, the Shoprite Checkers Group, to help households stretch their grocery budgets. This collaboration boosts UCount Rewards benefits and will allow customers to redeem Rewards Points for groceries and other products both in-store …

Read moreUp to 40% Back In Rewards Points from Sixty60
25 February 2025

African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

Location: Business
African Development Bank Group (AfDB)

The African Development Bank Group (www.AfDB.org) and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa.

The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA). This initiative strengthens Standard Bank's lending capacity, ensuring greater access to finance for SMMEs, a critical driver of economic growth and job creation in South Africa.

The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million. This financing will support up to 4,000 businesses, helping them scale operations, create jobs, and contribute to economic resilience.

Kenny Fihla, Deputy Chief Executive Officer of Standard Bank Group and Chief Executive Officer of SBSA, welcomed the investment, stating: “This landmark partnership strengthens our ability to support SMMEs, the backbone of South Africa's economy. With approximately 3.2 million SMMEs accounting for 60% of jobs, ensuring access to finance is crucial. This initiative aligns with our Sustainable Finance Framework and our commitment to financial inclusion.”

In addition to the social bond, the $200 million RPA enhances trade finance across Africa, focusing on Low-Income Countries and Transition States. This agreement enables local banks to increase lending by sharing risk, bridging the trade finance gap, and promoting intra-African trade.

Leila Mokaddem, Director General for Southern Africa at the African Development Bank, highlighted the broader impact: “This collaboration marks a significant milestone in our long-standing partnership and is a testament to our shared commitment to supporting SMMEs' growth and enhancing trade finance across Africa. Expanding financial inclusion and trade opportunities empowers businesses to drive economic transformation and regional integration. The Standard Bank Group remains a strategic partner in our shared vision for economic development on the continent.”

This initiative aligns with the African Development Bank's Ten-Year Strategy (2024–2033), which prioritises industrialisation, regional integration, and improving the quality of life in Africa. It also supports Standard Bank's Sustainable Finance Framework, reinforcing both institutions' commitment to fostering green and inclusive growth.

“We are proud of this transaction, demonstrating our shared commitment to sustainable financing. By supporting businesses, we create long-term economic opportunities and financial resilience,” stated Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank.

Kenny Fihla reaffirmed the significance of the collaboration:

“By providing much-needed capital, we are helping enterprises overcome challenges and thrive. This partnership illustrates the power of collaboration in driving meaningful economic and social change in Africa.”

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

For media inquiries, please contact:
Natalie Naudé

Communication and External Relations Department
Email: media@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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African Development Bank Group (AfDB)
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Read moreAfrican Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade
25 February 2025

February’s Big Winners

Location: Business

South African consumers continue to buy gifts in February, with data from Standard Bank showing a double-digit increase in shopping activities on Valentine’s weekend. As Valentine’s Day fell on a Friday this year, shopping activity spiked compared to previous years, with jewellery stores, luxury goods retailers, spas and salons, and restaurants seeing the biggest boost. …

Read moreFebruary’s Big Winners
17 February 2025

Demand for International Studies Heightens

Location: Business

Faced with increasingly competitive university placements in South Africa, more students are pursuing higher education opportunities overseas. According to International Education Link (EduLink), which assists African students with applications and funding, demand has surged, driven by local placement challenges and growing interest from township and rural students, often inspired by peers already studying abroad. Christine …

Read moreDemand for International Studies Heightens
17 February 2025

KZN Inland Rural Remain The Only Unbeaten Team Left At Rural Week

Location: Sport

VEREENIGING:  Day two saw the KZN Inland Rural team finish as the only undefeated team left in the CSA Inland Rural...

Read moreKZN Inland Rural Remain The Only Unbeaten Team Left At Rural Week
12 February 2025

A Defining Year for South African Businesses

Location: Business

By Oscar Siziba, Head of Coverage: Business Banking at Standard Bank South Africa Johannesburg, 12 February 2025 – As South Africa prepares for the 2025 National Budget Speech, businesses, particularly Small and Medium Enterprises (SMEs) will be keenly watching for signals on economic growth, investment, and policy support. The National Budget Speech is not just …

Read moreA Defining Year for South African Businesses
12 February 2025

SBG SI Trader – BEWARE

Location: Business

Recently, a fraudulent WhatsApp group has been circulating on social media, claiming affiliation with an investment app called SBG SI Trader. This app falsely professes connections with Standard Bank, SBG Securities, and other related platforms, including SBG Securities OST. It also mentions the banks FSCA operating license and an employee of the group, David Hodnett. …

Read moreSBG SI Trader – BEWARE
10 February 2025

Financial Conversations for Couples

Location: Business

Johannesburg, 10 February 2025 – With Valentine’s Day around the corner, many couples are contemplating the next step in their relationship, and living together is increasingly a common choice before committing to a marriage. The 2022 Census Survey Report found that around 8 in every 100 couples live together before marriage. While love may be …

Read moreFinancial Conversations for Couples
6 February 2025

Businesses Driving Mining’s Full Potential Beyond Extraction

Location: Business

Cape Town, 06 February 2025 – Mining in Africa has long been a cornerstone of economic development on the continent but discussions about the sector often focus on large-scale extraction. However, a shift in perspective is gaining traction, one that highlights the importance of downstream industries in shaping a more sustainable and value-multiplying sector. Beyond …

Read moreBusinesses Driving Mining’s Full Potential Beyond Extraction
6 February 2025

Anger Over Failure of Community-Owned Macadamia Nut Farm

Location: News

Government-funded Ncera farm has battled drought and price fluctuations

Read moreAnger Over Failure of Community-Owned Macadamia Nut Farm
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