As Africa’s largest lender, the Standard Bank Group’s operations in Africa showed great growth in our 2013 financial year, results of which were announced yesterday.
Chief Executive Sim Tshabalala reaffirmed yesterday that our Africa strategy remains unchanged and we are still focused on being the leading African-focused financial services organisation, using all our competitive advantages to the full.
While we are exposed to faltering commodity prices, we have continued expansion in sub-Saharan Africa economies, including those not “resource-rich”.
South Africans are again being reminded that their electrical supply is neither secure nor buffered by sufficient reserve margin. What that means is any little hiccup within supplier Eskom’s generating system can cause a shortage. Karin Ireton, Head of Sustainability Management at Standard Bank Group, asks why South Africans don’t do more to protect their businesses and their lifestyles by investing in energy efficiency.
Standard Bank Group has produced a stable performance in 2013, increasing headline earnings per share by 14% and net asset value per share by 14%. Group return on equity has increased to 14.1% from 14.0% in 2012.
Results at a glance
Headline earnings: R17 194 million, up 15%
Headline earnings per share (HEPS): 1 064.9 cents, up 14%
Dividends per ordinary share: 533 cents (2012: 455 cents), up 17%
Capital adequacy: tier I capital adequacy ratio of 13.2% (2012: 11.2%)
Cost-to-income ratio: 58.5% (2012: 58.9%)
Credit loss ratio: 1.04% (2012: 1.08%)
The impact of man on the earth’s climate has been well documented over the past two decades. Initiatives to curtail emissions that contribute to global warming are many, including industrialised countries having adopted limits to their emissions of greenhouse gases under the Kyoto Protocol.
The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change and under internationally binding emission reduction targets have been set (http://unfccc.int).
Do you find money plays an important part of your romantic relationship? As a couple, it’s important that you have the “money talk” fairly early on in your relationship – not after the moving truck is being loaded.
Sit down together and determine your financial styles. Look into how much debt each of you have and assess whether one prefers to splurge or the other is thrifty. Knowing this about each other can lessen the financial strain in the long run.
To help you reduce money-related stress and strain on your relationship, here are some tips for successful couple saving:
To ensure convenient and accessible banking last year we successfully launched the Smart Banking App end of the year.
Considering that 99% of all Namibians have access to a mobile phone, it just makes business sense that we introduce useful electronic banking channels, products and services that makes life easier for you.
Did you know that carefully managing your finances and making your money work for you maximises your earning potential? Well it’s true! All is possible through either investing or saving part of your hard earned cash every month. So get into the habit of saving or investing or both and make this put this goal on top of your goals for 2014.
Remember that there is a clear difference between Investing and Saving. Though two might seem or sound the same saving and investing are not the same things. Simply put saving is storing your money, while investing is growing your money.
In this episode, Ma Angie is really worried about finances. With Lolo in boarding school and her caravan burning down, she doesn’t know how she will make ends meet. Grace mentions Sash and this just makes Ma Angie angry.
The two ladies move on to pregnancy talk.
Zak and Sebe have an argument. Sebe went on a shopping spree using Zak’s Access Credit Card, not knowing that Zak would get a MyUpdates notification of the transaction. Did you know that it is fraud to use someone else’s credit card without their permission?
Mentoring the youth to prepare them for a brighter future is just one of the initiatives undertaken by our colleagues at Stanbic Bank Ghana.
Last year, 20 wellness champions of Stanbic Bank Ghana visited Ve Gbodome in the country’s Volta Region to spend time with the youth of the town. The visit was part of the summer camp activities of the Nneka Youth Foundation and gave colleagues who went on the trip the chance to touch lives in a fulfilling and memorable manner.
A new season but same old Sash. He gives Bemba an illegal South Africa identity document and expects to collect a favour at a later stage.
Ma Angie is very worried to see Bemba having a conversation with Sash. She thinks that he is having financial difficulties and advises him to get a Standard Bank AccessLoan.
Later that day, Ma Angie goes to buy some vegetables from a street vendor, Ma Nkosi.
Ma Nkosi still uses a money box. Don’t you think It’s time she gets an AccessAccount? The episode ends with Ma Angie in tears. Find out what has happened.