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26 stories found

Standard Bank Considers Stake in OPay Ahead of US IPO
BusinessPremium Timespunch-ng2h ago2 sources

Standard Bank Considers Stake in OPay Ahead of US IPO

Standard Bank, Africa's largest bank, is reportedly considering acquiring a stake in the fintech company OPay. This potential investment comes as OPay prepares for a significant $4 billion initial public offering in the United States.

South Africa's JSE Black Ownership Remains Low, Transformation Under Scrutiny
Businessmail-guardian2mo ago

South Africa's JSE Black Ownership Remains Low, Transformation Under Scrutiny

South Africa's transformation drive is under scrutiny as black ownership on the Johannesburg Stock Exchange (JSE) remains low. While some companies like Old Mutual and Absa have seen replacement transactions, others like Standard Bank and Nedbank have less than 1% black ownership, having not concluded BEE transactions for a decade.

HSBC Hires New Head for Global Metals Trading
Worldchannel-news-asia4mo ago

HSBC Hires New Head for Global Metals Trading

HSBC has reportedly hired a trader from ICBC Standard Bank to lead its global metals trading division. This move signals a significant change in leadership for the bank's metals trading operations.

Ghana's Economy Projected to Grow 5.9-6.1% in 2026
Businessmyjoyonline1mo ago

Ghana's Economy Projected to Grow 5.9-6.1% in 2026

Standard Bank Research projects Ghana's economy to grow between 5.9% and 6.1% in 2026, supported by gold mining expansion, critical infrastructure projects, and improved foreign exchange buffers, despite Middle East tensions.

BusinessDaily Maverick4mo ago

Standard Bank Investigates Extent of Cyberattack

Standard Bank is actively assessing the full scope of a recent cyberattack, with daily data dumps revealing the extent of the breach. The bank is working to understand the impact and secure its systems.