This week, Standard Bank Group delivered record headline earnings of R15.3 billion for the six months to 30 June 2022, up 33% on the prior period. This performance was underpinned by continued balance sheet and franchise growth.
Standard Bank Activities and Liberty Holdings Limited ) recorded headline earnings growth of 25% to R13.6 billion and ROE improved to 15.0% .Liberty’s performance improved period on period as the pandemic-related impact waned. The group remains the third largest investment services business on the continent by AUM/AUA, with a combined AUM/AUA of R1.4 trillion.
Standard Bank’s Africa Regions’ franchise grew revenue by 26% driven by a larger balance sheet, higher interest rates, higher transactional volumes, a recovery in international trade as lockdowns eased, and double-digit growth in trading revenue. Further monetary tightening in South Africa is expected to negatively impact confidence and demand and constrain real GDP growth to 2.3% in 2022. Electricity supply issues may constrain growth further. Inflation is expected to peak in 2H22, averaging 6.5% in 2022.
Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Moneyweb - 🏆 5. / 77 Read more »
Business reimagined post-pandemic: How to ensure the success of SMEsSPONSORED | “Putting ourselves in extreme environments by choice or not by choice will drive innovation and new ways of thinking,” says Dr Adriana Marais, theoretical physicist and technologist. SB_BizConnect SB_BizConnect I have no idea on Bitcoin but I'm currently earning R67,458.67 weekly with R15,000 start up Capital, I'm happy to invest with Gabriel_FOS1 i just pulled out my profit,i highly recommend her to those interested Gabriel_FOS1
Source: BDliveSA - 🏆 12. / 63 Read more »