USD15 to USD18 billion GDP boost set to place Mozambique on higher growth path.
Increasingly agile capital markets grow continents’ regional and global portfolio flows
In a structure requiring no equity injection from the participating shareholders, Standard Bank acted as sole financial advisor, transaction sponsor and funder to Sanlam on its transformational B-BBEE transaction announced on 31 October 2018 and completed in March 2019.
Underscored by the United States’ trade war with China, the continued fragmentation and shift of global soft power from the developed West to Asia tends to dominate global headlines.
Women in Property Network Conference seeks to empower women in real estate
Scalable private permission cloud-based distributed ledger platform to revolutionise foreign exchange payments and settlement.
With the country in election mode and Minister Mboweni facing myriad demands across the fiscus, it is unlikely that South Africans will see significant changes or new taxes introduced during the budget announcement on 20 February.
Standard Bank PBB Head of Commercial Banking, Craig Polkinghorne, cautions that in this environment consumers need to take great care to ensure their personal balance sheets hold up to additional scrutiny.
Legae Peresec becomes largest broker on JSE
Innovative mining finance lends African miners wriggle-room in challenged global economy
Standard Bank is pleased to announce the launch of Direct Custody Services in Angola which expands its African custody coverage to 15 countries across the continent, maintaining the bank’s leading position as the largest Investor Services provider in Africa.
Standard Bank’s Khwezi Tiya, Sector Head for Oil & Gas in South Africa, unpacked some of the intricacies around investing in and financing science and technology innovation, at the recent Science, Technology and Innovation Draft White Paper Summit, called by the Minister of Science and Technology, South Africa.
Imperial Logistics and Motus to embark on their own journeys as separately-listed entities, under focused management teams to achieve their respective strategic goals.
Urgent need for Islamic financing capability
The scope, scale and spread of current and future oil and gas infrastructure development projects in East Africa is positioning the region as a hotbed of oil and gas exploration, investment and infrastructure build. The knock-on effects of this growth are evolving a regionally integrated oil producing and gas supply and distribution ecosystem likely to increase efficiency and security of supply. It is also expected to reduce the costs of refined oil and gas products for consumers over the long term.
Government’s key reforms will likely deliver better growth by the end of 2019, Standard Bank’s Chief Executive of Corporate and Investment Banking, Kenny Fihla remarked at the opening of the 6th annual South Africa Tomorrow Investor Conference in New York.
Standard Bank Group, Africa’s leading bank by assets, has been recognised for its work across Africa, scooping 13 awards from Global Finance at this year’s annual SIBOS conference, hosted in Sydney.
SBG Securities (Pty) Limited, (“SBG Securities”), a subsidiary of Standard Bank Group, and Jefferies LLC, (“Jefferies”), announced that they have entered into a research distribution agreement.
Deutsche Bank has signed a memorandum of understanding (MOU) with The Standard Bank of South Africa Limited.
TCS Completes Innovative Pilot for Cross Border Corporate Action Data Exchange in Africa; a Potential Pan-African Ecosystem on the Horizon.
Innovative funding structure holds potential to deepen Africa’s domestic capital markets.
Activity in Africa’s debt capital markets remains remarkably resilient despite global trade wars, Brexit concerns and high interest rates in a resurgent United States economy which is translating into emerging market jitters.
Loan to support economic expansion and job creation.
To deploy global investment on a significant scale Africa needs to develop the domestic conditions to absorb the much higher levels of global real estate investment currently considering Africa.
Slow uptake of Chinese currency in Africa belies Renminbi’s potential to support African growth.
Standard Bank is the mandated lead arranger, underwriter and hedge provider of seven of the total 27 projects which have signed power purchase agreements with Eskom as part of South Africa’s Renewable Energy Independent Power Producer Procurement Programme, (REIPPPP), after a long delay. Standard Bank was the first bank to close a project under this round, with a total of four projects already closed. The remaining projects have until end July to reach financial close.
With recent reports estimating that six hundred million people are without access to electricity in sub-Saharan Africa, significant and sustained investment is required across Africa’s entire energy generation and supply value chain.
Standard Bank Research was voted the Best Research House for the third consecutive year out of 34 competing banks and brokers.
Africa’s fragmented markets and lack of legacy foreign exchange trading infrastructure means that the continent has become a melting pot of fintech activity and innovation.
In a further step to cementing its presence in the Francophone West Africa region, Africa’s largest bank, Standard Bank has opened a fully licensed bank focussing on the needs of Corporate and Investment banking clients in Abidjan, Côte d’Ivoire.
Today many of South Africa's first generation of black economic empowerment (BEE) transactions have matured, producing a second wave of black-owned and operated businesses.
Standard Bank Group (“Standard Bank”) has acted as exclusive financial adviser to M-BIRR Ltd (“M-BIRR”) which recently completed a successful equity raise of €8m. M-BIRR is a leading mobile technology company in Ethiopia and the leading mobile money service in the country.
Technology, legislation and domestic capital converge to drive African growth.
JOHANNESBURG, 27 February 2018: Digitally integrating Africa’s higher risk trade transaction ecosystem into a global economy returning to growth offers Africa a unique opportunity to drive inclusive and sustainable development.
Sustained commodity price growth and reduced costs are combining new technology trends with synchronised global growth to present Africa’s mining sector with the best prospects in over a decade.
Investment in Mozambique’s Coral FLNG project set to return country to growth
New off-grid energy solutions hold the potential to provide much of Africa’s currently marginalised rural population with access to affordable electricity.
JOHANNESBURG, 7 December 2017: From 2000 to 2008 Nairobi’s added 72 000 square meters of retail real estate to East Africa’s largest commercial hub. This build was spread across three shopping precincts. In the nine years from 2009 to 2017 the city added another 351 900 square meters of retail real estate across 17 developments. This expansion represents nearly five times the retail real estate build of the previous decade.
Johannesburg, 30 November 2017: FX Week has awarded Standard Bank “Best Bank for the South African Rand” and “Best Bank for African Currencies excluding ZAR” for the second year running in their annual global foreign exchange survey and awards.
JOHANNESBURG, 22 November 2017: With the latest iteration of South Africa’s Mineral and Petroleum Resources Development Act expected to be completed by the end of 2017 and the Integrated Energy Resource Plan nearing completion, South Africa is set to leverage its largely unexplored and underdeveloped oil and gas sector to re-ignite growth able to drive broad and inclusive participation across the entire economy.
Standard Bank Sponsors New York City Event to Bring South African Corporates, Government Leaders and International Investors Together
A Bloomberg League Table recently ranked Standard Bank 12th globally in terms of the volume of Credit Linked Note (“CLN”) issuance in US$ equivalent.
Standard Bank Group has scooped 38 awards for its work across Africa, from Global Finance, EMEA Finance, GTR, Global Investor and The Banker at the annual SIBOS conference, hosted in Toronto.
Standard Bank has signed an agreement with CCRManager Pte Ltd, a global trade FinTech company, joining their global innovative electronic platform as a member bank.
Innovative financing solutions realises African real estate opportunity JOHANNESBURG, 23 August 2017: The brilliant thing about working in Africa is the continent’s ability to change - and adapt - almost instantly. While at first glance this is often interpreted as a challenge or a risk, the importance of adopting a, “glass-half-full approach has never been more essential than in Africa’s current real estate environment,” says Gerhard Zeelie, Head of Real Estate Finance, Africa Regions, at Standard Bank.
Standard Bank Group’s results for the period ended 30 June 2017 were robust, underpinned by its universal client offering, geographic diversity and increasingly digital capabilities.
Johannesburg, 18 July 2017: On 6 July 2017, Standard Bank acted as Joint Lead Manager and Bookrunner on Liquid Telecom’s debut high yield bond offering.
Standard Bank is proud to have supported Busamed in its recent acquisition of the operations of Gateway and Hillcrest private hospitals from Ross Healthcare.
Standard Bank believes that South Africa has an opportunity to re-invigorate its affordable residential build sector through the establishment of listed residential funds.
New disruptive technologies are changing the way that energy generation and distribution is understood and funded in Africa.
Nina Triantis, Global Head of Telecommunications at Standard Bank believes that the current convergence between telecommunications, technology and media provides a new lens through which to understand Africa’s rapidly evolving growth - and future potential.
Key global consumer themes are now also evident and relevant in Africa. Combined with new technologies this presents Africans with a real opportunity to participate – as producers and suppliers of consumer products – in the world’s rapidly evolving and expanding consumer market.
Standard Bank, as mandated Lead Arranger, has finalised a USD120 million debt package with Zimbabwe Power Company (ZPC), for the rehabilitation of existing power infrastructure at Kariba South Hydro Power Station and Hwange Thermal Power Station.
Organic growth and global partnerships are seeing Africa’s dynamic domestic agribusinesses rapidly develop new markets for African food products across the continent.
Funding commercial property developments with a mix of hard and local currency provides an innovative mechanism for Africa’s commercial real estate sector, to mitigate currency volatility and liquidity risk says Standard Bank.
Cape Town, 9 March 2017: The expansion of global trade over the last 50 years has created industries, jobs and value on an unprecedented scale, driving innovation and technological advances and in the process, benefitting most of the countries, most of the time.
Standard Bank Group continued to grow its businesses both in South Africa and in its Africa regions franchise despite the elevated levels of macro, political and policy uncertainty experienced in many of the markets in which the group operates.
Precious metal Exchange Traded Funds (ETFs) have evolved a long way from being the new kids on the metals investment scene. Today ETFs act as a market barometer for underlying investor demand and a potential window into the future metal demand and prices.
In spite of the current challenges facing the M&A landscape in Africa, there are pockets of opportunity as businesses review their strategies in response to changing global realities.
Walking away from the 15th annual JSE Spire Awards in 2016 with six accolades covering fixed income, currency and commodity derivatives markets, “confirmed the relevance of Standard Bank’s client-centric strategy - delivering consistently good work in a tough macro-economic environment,” said Stephen Barnes, Head, Client Solutions & Distribution for Global Markets at Standard Bank.
Standard Bank, Africa’s biggest lender by assets, has been awarded the Best Bank for South African Rand and the Best Bank for African Currencies excluding the Rand, in FX Week’s 2016 survey of the global foreign exchange industry.
Debt capital markets in Africa remain resilient, displaying innovation in response to challenging regional and global environments.
Today the role of the custodian in Africa has evolved. This is especially evident in the way custodians are focusing on meeting both business and client needs to initiate and enable development of the continent’s capital markets.
Future Chinese-African economic relations will see Africa leverage the renminbi as a global reserve and trading currency
Botswana based multi-national ecotourism company, Wilderness Safaris, operating nearly 40 luxury safari camps across eight African countries, has successfully raised a USD35 million bilateral loan for the purchase of a new ecotourism company in Kenya and for further expansion across Africa.
Bringing global capital market capabilities to Africa The Standard Bank of South Africa Limited (“Standard Bank”), Africa’s largest bank by assets, recently hosted Africa’s first International Capital Market Association (ICMA) workshop in Johannesburg.
Standard Bank Group, Africa’s largest bank by assets, has been recognised for excellence across the continent, scooping 16 awards in the 2016 EMEA Finance African Banking awards, including Best Investment Bank in Africa for the ninth consecutive year.
Standard Bank Group, Africa’s largest bank by assets has been voted the Best Overall Bank in Africa in the 2016 Euromoney Real Estate Survey Awards for the fourth consecutive year.
Standard Bank Group, Africa’s largest bank by assets, scooped 27 awards from Global Finance, Euromoney and EMEA Finance Treasury Services. The awards were presented at the annual Sibos conference currently underway in Geneva.
“A correct understanding of risk in Africa – along with an appreciation of the growth potential yet to be unlocked by trade; both cross-border and intra-Africa, provides global corporates with a new lens through which to identify and access African growth,” says Vinod Madhavan, Head, Transactional Products and Services, Africa at Standard Bank.
New York, NY – Standard Bank of South Africa (SBSA), the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Wells Fargo Bank announced a $300 million facility to fund power and infrastructure projects in Africa. The 12-year funding line for Standard Bank, the largest African banking group by assets, was signed on the side lines of the US-Africa Business Forum in New York City. SBSA will provide $33 million from its balance sheet to support transactions financed by the facility.
A hybrid facility, blending a basket of local and hard currency with a bank hedge, provides an alternative to managing currency volatility and liquidity risk in African commercial property transactions.
The prospects for East Africa as a trading bloc remain promising despite the current headwinds being faced in the global economy.
Standard Bank has been recognised as Africa’s Best Bank for Markets and Africa’s Best Bank for Wealth Management at the 2016 Euromoney Awards for Excellence, in London.
Standard Bank has acted as Joint Lead Manager and Bookrunner on Banque Ouest Africaine de Développement’s (BOAD) inaugural Eurobond. The US$750 million 5 year issuance is BOAD’s debut Eurobond and matches in size the largest ever US$ Eurobond issue by any African financial institution. The Bank has also worked on local currency bond issuances across Africa this year, including four from the Republic of Ghana (for Stanbic Bank Ghana), two issuances each from Bayport Financial Services in Ghana and Mozambique and the first Namibia dollar (“NAD”) denominated domestic bond issuance by the International Finance Corporation (IFC).
Africa is uniquely placed to build a sustainable, renewable energy matrix with immense potential, says Rentia van Tonder, Head: Power at Standard Bank.
Power trading agreements between countries that possess excess power generating capacity and those battling supply shortages will be a dominant theme in the electricity markets of south-central African nations in the next three to five years, says Standard Bank.
The burgeoning African consumer sector offers attractive opportunities to businesses looking to enter new markets. But the key to unlocking these opportunities is sound commercial navigation and balance-sheet backing. In addition, understanding the intricacies of the local consumer landscape is crucial.
South Africa is currently one of the most attractive destinations for power project developers, sponsors and energy players seeking investment opportunities to support and grow power projects. One of the key drivers for any power sector player remains an enabling environment with long term sustainability and commitment to enhance and support growth.
Standard Bank Group is pleased to announce the successful completion of a US$95 million equivalent upsizing of the syndicated term loan facilities for Helios Towers Tanzania Ltd (HTT), a subsidiary of Helios Towers Africa Ltd (HTA), to finance the next phase of expansion of its network of telecommunications towers across Tanzania. Over the last five years, HTT has grown its operations and built a robust track record of operational excellence and client-focused service.
The Standard Bank of South Limited (SBSA) has signed a US$1 billion, 36-month, term loan facility in London today. The transaction was initially launched on 4 March 2016 at US$ 600 million and was well oversubscribed allowing for a final take up of US$1 billion. The facility is priced at 120 basis points over Libor.
In late 2008 the global economy entered into a financial crisis that became the catalyst for a shift in the way transactional banking was viewed by corporate clients and their bankers all over the world.
Standard Bank Group was named the best foreign exchange provider in Africa at the recent 2016 Global Finance World’s Best Foreign Exchange Providers Awards. This is the fourth year in a row in which Standard Bank, Africa’s largest by assets, has won in the Africa category.
Standard Bank Group, Africa’s largest bank by assets, has won the prestigious Risk Emerging Markets Dealer of the Year award for 2016, following a strong performance by its team in challenging market conditions.
Standard Bank has set the trend in becoming the first commercial bank to finance a multi-million dollar solar power generation in Namibia. The N$170-million term loan facility came after Standard Bank signed the deal with HopSol Power Generation last month.
Over the next five years, Standard Bank will assist its strategic partner, the Industrial and Commercial Bank of China (ICBC) to raise R10 billion to support the development of South Africa's power generation infrastructure, said Standard Bank Group Chief Executive Sim Tshabalala.
Standard Bank will on Friday, 4 December list the first rhodium-backed exchange traded fund, (ETF), in South Africa and Africa, to complete its suite of available ETFs across the platinum group metal space.
The Nigerian and Kenyan debt markets are poised for growth following a turbulent few months, says Standard Bank. An increase in capital requirements for the public sector and the need for more sophisticated products by financial institutions have been major drivers of debt capital markets across key regions in Africa.
The growth of the pension funds, insurance and mutual fund industry together with the rollout of more sophisticated trading and settlement infrastructure is accelerating the overall development of capital markets in Africa, says Standard Bank.
Dual currency funding structures can bring stability and robustness to real estate deals in sub-Saharan Africa, as developers and retailers seek solutions to the volatility currently faced in their domestic economies. Traditionally, most property development projects are financed in dollars to assist in creating a sustainable and predictable funding environment for the assets.
Over a 1000 influential and prominent people from across Africa and the Middle East meet in Dubai this week to explore how they can work together to ensure that Africa becomes an engine of global growth.
Standard Bank Group, Africa’s leading bank by assets, collected 22 awards in the EMEA Finance’s Treasury Services Awards and Global Finance's World's Best Bank Awards, both for 2015. The awards were presented at the Sibos conference in Singapore.
The Standard Bank Group has been acknowledged as the Most Innovative Investment Bank from Africa by The Banker, in their 2015 investment banking awards.
The role of custodians is advancing beyond traditional functions of safeguarding assets and settling trades, to the full administration of pension fund investments.
The Standard Bank West African Investors Conference, a confab that enables investors to get first-hand information from listed companies on the Ghana Stock Exchange (GSE), has been held in Accra.
Johannesburg, South Africa 14 September 2015 - Standard Bank today signed a trilateral business cooperation agreement with Woori Bank and the Industrial and Commercial Bank of China (ICBC) to promote mutual cooperation in relation to business expansion in Africa.
Standard Bank Group, Africa’s largest bank by assets has been voted the Best Overall Bank in Africa in the 2015 Euromoney Real Estate Survey Awards. Standard Bank also received several additional awards in recognition of its ability to tailor solutions for clients in an increasingly complex marketplace.
A growing consumer middle-class, powered by rapid urbanisation and shifting demographic trends is driving both property demand and growth opportunities in the real estate industry across the African continent.
The relaxation of exchange controls announced in the 2015 Budget offers investors the opportunity to internationalise their asset bases and limit the risk of having all their eggs in a highly localised portfolio.
Standard Bank Group is proud to be partnering with Resilient Property Income Fund Limited, Capital Property Fund Limited and Fortress Income Fund Limited, who are key participants in the success of the Siyakha Education Trust.
Greater levels of trade will fuel Africa’s growth but companies need to be better positioned to seize the opportunities by improving their working capital management capabilities and access to finance to fund these opportunities, says Standard Bank Group.
Standard Bank Group has been awarded “Custodian of the Year” at the annual Imbasa Yegolide Awards presented by Batseta, the Council of Retirement Funds for South Africa. A custodian is a financial institution offering trade settlement, safekeeping of assets and corporate event processing.
Standard Bank Group, Africa’s leading lender by assets, has again been recognised at the annual EMEA Finance Achievement Awards, scooping 21 accolades across the capital markets and project finance categories.
Standard Bank Group, Africa’s biggest lender by assets and earnings, has signed a debt facility of R1 billion rand with South African Durban based company in, Shree Property Holdings, to enable the company to refinance existing loan facilities and acquire new properties to add to its industrial property portfolio in province of KwaZulu-Natal.
More workable and pragmatic models for project finance are helping improve the pace of projects in Africa and remove some of the bottlenecks that existed previously.
Standard Bank Group has been appointed the new chair of the Equator Principles Association for 2015/16, making it the first African Bank to be elected to this position.
Investors remain cautious after the more than 50% drop in the oil price and recent credit rating downgrades in Angola, but recent signs of price stability and quick government action to manage the situation are expected to encourage development opportunities in the future.
“Lack of access to affordable trade finance is holding back the economic and employment potential of African countries,” says Vinod Madhavan, Head of Transactional Products and Services, South Africa at Standard Bank Group.
Standard Bank Group, Africa’s largest lender by assets, has scooped five regional deal accolades in The Banker Deals of the Year Awards 2015. These awards recognise excellence for deals completed across Africa, taking into account the various categories for deal submissions.
The super-premium beer market in South Africa, (traditionally called craft beer), may still be in the fledgling stages of its development, but the market is estimated by Standard Bank Group to grow 30% this year and another 35% in 2016.
Standard Bank Group, Africa’s biggest lender by assets, has won the Super Regional award for its eMarketTrader platform in the in the 2015 Profit & Loss Services Digital FX Awards.
The oil price shock is still reverberating throughout the world, but Standard Bank Group’s West Texas Intermediate crude oil tracking exchange-traded note has received a spike in buying interest over the last six weeks as investors try and pick the bottom of the oil market.
Standard Bank Group signed a US$250 million loan agreement with the Japan Bank for International Cooperation (JBIC). The credit line is co-financed by Mizuho Bank, Ltd, with JBIC providing a partial guarantee for the co-financed portion. The funding will be used by Standard Bank Group to on-lend to green energy projects in sub-Saharan Africa.
China’s investment in African resources remains at a relatively early stage and is likely to increase further over the next decade. This is despite the economic slowdown being experienced in the world’s second largest economy, according to Standard Bank Group, the continent’s biggest lender by assets.
The R21.4 billion acquisition by Woolworths of David Jones has won the Deal of the Year 2014 award at the Cell C DealMakers Annual Gala Awards Banquet, hosted in Johannesburg, South Africa last night. Standard Bank Group, Africa's largest lender by assets, acted as joint financial and debt advisor, lead debt provider, transaction sponsor, joint book runner and underwriter to Woolworths Holdings Limited, on the acquisition of the iconic Australian department store retailer and on the R2.2bn offer to the remaining Country Road minorities.
Africa’s largest pension fund, the Government Employees Pension Fund (GEPF), has chosen Standard Bank Group to provide a full range of investor services product solutions for its more than R1.5-trillion of assets under management.
Investors in industrial commodities may need to batten down the hatches in the year ahead, while precious metals could show improved signs of growth over the next three years, says the Head of International Mining and Metals at Standard Bank, Rajat Kohli.
2015 will continue to be challenging for the global mining industry. Commodity prices are not anticipated to exhibit material improvement, impacting on sector valuations and the ability to raise financing. But, amid a more sober outlook, the prospects for mining in Africa remains essentially intact over the medium term, according to Standard Bank Group, Africa's biggest lender by assets.
Standard Bank has been awarded Middle East & Africa Bank of the Year in the 2014 Project Finance International (PFI) Awards in recognition of its key role in arranging some of the most strategically significant power infrastructure transactions on the African continent last year. Africa’s biggest lender by assets, Standard Bank was recognised for its role in arranging a €625.3 million facility for the Lake Turkana wind farm project in Kenya; the structuring of USD893 million in funding for a 340 Megawatt (MW) power plant in Ghana; as well as arranging of USD 170 million in debt to build a 118 MW gas-fired power plant in Mozambique.
Standard Bank Group signed the closing documents with Industrial and Commercial Bank of China Limited (ICBC) to cement the completion of the disposal of a 60% stake in Standard Bank Plc on 1 February 2015.
Standard Bank South Africa is proud to have partnered with Eskom to sell USD 1.25 billion 10 year fixed rate bonds into the international capital markets. The funds raised will enable the state-run utility, which produces more than 95% of South Africa's and 40% of Africa's power, to fund its generation expansion program.
Standard Bank Group has been acknowledged as the “Most Innovative Investment Bank From Africa” by The Banker magazine, one of the most highly-regarded global financial publications.
Standard Bank has acted as Joint Lead Manager on the National Treasury of South Africa’s debut Sukuk in the international capital markets. The US$500m 5.75-year Sukuk is the largest Sukuk issuance from Sub-Saharan Africa and only the third Sukuk to be issued by a non-Islamic country. It follows Sukuk issues by the UK in June this year and Hong Kong earlier this month. The Sukuk will be used to fund South Africa’s National Revenue Fund. It also creates a benchmark for the market which will assist state-owned companies to access diversified sources of funding from Islamic investors. The resounding success of the transaction positions South Africa as a future hub for Islamic finance in Africa.
Standard Bank Group, Africa’s largest bank by assets and earnings has received several prestigious awards in numerous categories in the 2014 Euromoney Real Estate Survey Awards. The awards speak to Standard Bank’s ability to deliver solutions that showcase the group’s real estate expertise and in-depth knowledge across various markets on the African continent.
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