The Money Show

Standard Bank profit soars; Truecaller faces SA firms’ POPIA breach, whitelisting allegations

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Aug 14, 2025
Sim Tshabalala, CEO at Standard Bank, shares insights on the bank's record profit amidst economic challenges. Jan Vermeulen highlights South African companies' complaints against Truecaller for POPIA breaches. Gary Boyson offers market analysis on Standard Bank's performance while C Pumalela Zondi discusses the impact of streaming on music artists. Vincent Anthony Araja elaborates on smart investment strategies as market records rise, emphasizing the importance of careful navigation in today’s economic landscape.
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INSIGHT

Corporate Lending And Hedging Drove Fees

  • Standard Bank's corporate and investment banking grew from loan demand and risk-hedging activity.
  • Infrastructure projects and trading hedges drove fees and strong investment-banking deals.
INSIGHT

SME Banking Faces Intense Competition

  • Business and commercial banking showed flat to weak lending growth, reflecting earlier demand slowdowns.
  • Competition in SME and payments is intense, pressuring that segment's performance.
ANECDOTE

Standard Bank's Homegrown Leadership Tradition

  • Sim Tshabalala recounted Standard Bank's long tradition of promoting homegrown CEOs.
  • He described the bank's succession planning as 'growing its timber' for future leadership.
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