PIVOT POINT: Catch up with Standard Bank CEO.

Loading player...
Simphiwe Tshabalala is joint Chief Executive of the Standard Bank Group and Chief Executive of Standard Bank South Africa. Tshabalala was born in Hlabisa, a poor area in rural KwaZulu Natal. He grew up in Soweto and obtained his matric from the Sacred Heart College in Johannesburg.

Standard Bank CEO Sim Tshabalala says SA’s potential greylisting by the Financial Action Task Force (FATF), an intergovernmental body that assesses countries’ ability to combat illicit financial activity, would be worse than a sovereign credit downgrade.
“The consequences of being greylisted are worse than downgrading,” Tshabalala told The Clement Manyathela Show on Radio 702 on Thursday. “The rand will weaken, inflation will spike, interest rates will go up ... it will be more expensive to buy food, pay for petrol, buy homes, buy cars. The country can’t afford it.”
14 Jul 2022 4AM English South Africa Business News · Investing

Other recent episodes

PPS Delivers R6.88bn in Profit‑Share

PPS Group CEO Izak Smit unpacks a second consecutive record year, with R6.88bn allocated to members and R6.67bn paid in claims. He explains the strength of the mutual model.
22 Apr 4PM 16 min

Capitec’s R16.8bn Year

Capitec CEO Graham Lee discusses the bank’s 23% earnings surge, its diversified business model, and the rapid rise of digital payments.
22 Apr 4PM 14 min

Inflation Through the Eyes of the Consumer

Eighty20 Director Andrew Fulton translates the CPI numbers into real‑world household pressure. From meat‑led food inflation to the looming oil shock, he explores which consumers are most exposed and how spending behaviour is shifting.
22 Apr 4PM 9 min

SA’s Draft AI Policy: The Cost of Getting It Wrong

Free SA spokesperson Gideon Joubert discusses the organization's concerns about South Africa’s Draft National AI Policy—including expanded bureaucracy, duplicated institutions, and barriers for startups.
21 Apr 4PM 5 min