Standard Bank Boss Sim Tshabalala is in the C-SUITE

Speaking at the banking group’s half year results announcement Tshabalala said “While the recent unrest in South Africa has dented consumer, business and investor confidence we do not believe it will derail the nascent economic recovery in the short term. GDP is expected to grow at 4% in 2021 and interest rates are expected to remain unchanged for the remainder of the year. The Global backdrop is expected to remain favourable, supported by sustained low interest rates, continued fiscal stimulus and consumer demand. “