Tillkännagivande • Mar 30
Standard Bank Group Limited, Annual General Meeting, Jun 08, 2026 Standard Bank Group Limited, Annual General Meeting, Jun 08, 2026. Tillkännagivande • Mar 14
Standard Bank Group Limited Declares Final Gross Cash Dividend, Payable on 20 April 2026 Standard Bank Group Limited announced that the board has resolved to declare a final gross cash dividend No. 112 of 878.00 cents per ordinary share (the cash dividend) to ordinary shareholders recorded in the register of the company at the close of business on 17 April 2026. The last day to trade to participate in the dividend is 14 April 2026. Ordinary shares will commence trading ex dividend from Wednesday, 15 April 2026. The salient dates and times for the cash dividend are set out in the table that follows. Ordinary share certificates may not be dematerialised or rematerialised between 15 April 2026, and 17 April 2026, both days inclusive. Ordinary shareholders who hold dematerialised shares will have their accounts at their Central Securities Depository Participant (CSDP) or broker credited on 20 April 2026. Tillkännagivande • Oct 10
Standard Bank Group Limited to Report Nine Months, 2025 Results on Oct 17, 2025 Standard Bank Group Limited announced that they will report nine months, 2025 results on Oct 17, 2025 Tillkännagivande • Jun 10
Martin Oduor-Otieno Retires as a Director of Standard Bank Group Limited on 9 June 2025 Standard Bank Group Limited confirmed that Martin Oduor-Otieno retired as a director at the close of the company's Annual General Meeting held on 9 June 2025. Tillkännagivande • Apr 25
Standard Bank Group Limited, Annual General Meeting, Jun 09, 2025 Standard Bank Group Limited, Annual General Meeting, Jun 09, 2025. Upcoming Dividend • Sep 04
Upcoming dividend of R7.44 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 6.2%. Lower than top quartile of Namibian dividend payers (11%). Higher than average of industry peers (5.1%). Recent Insider Transactions • Aug 22
Key Executive recently sold R11m worth of stock On the 15th of August, John Maree sold around 48k shares on-market at roughly R228 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Declared Dividend • Aug 18
First half dividend increased to R7.44 Dividend of R7.44 is 7.8% higher than last year. Ex-date: 11th September 2024 Payment date: 16th September 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (56% payout ratio) and is expected to be covered in 3 years' time (57% forecast payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: R12.97 (vs R13.22 in 1H 2023) First half 2024 results: EPS: R12.97 (down from R13.22 in 1H 2023). Revenue: R80.3b (up 2.0% from 1H 2023). Net income: R21.5b (down 2.0% from 1H 2023). Profit margin: 27% (down from 28% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Tillkännagivande • Jul 02
Standard Bank Group Limited Appoints Sola David-Borha as to Its Board and Board Committee Standard Bank Group Limited (SBG) announced the appointment of Ms. Sola David-Borha to the company and The Standard Bank of South Africa Limited (SBSA) Audit Committees, the SBG and SBSA Risk and Capital Management Committees and the SBG Social, Ethics and Sustainability Committee, with effect from 1 July 2024. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R212, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in Africa. Total returns to shareholders of 109% over the past three years. Tillkännagivande • Jun 13
Standard Bank Group Limited Confirms Retirement of Directors Standard Bank Group confirmed that Dr. Xueqing Guan and Atedo Peterside retired as directors at the close of the company's Annual General Meeting held 10 June 2024. The board extends its sincere gratitude to Dr. Xueqing Guan and Atedo Peterside for their exemplary leadership and immense contribution during their tenure on the board and board committees they served on. Tillkännagivande • May 25
Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Change in Classification of Sola David-Borha from Non-Executive Director to Independent Non-Executive Director The boards of Standard Bank Group and The Standard Bank of South Africa Limited (SBSA), on recommendation from the Directors' Affairs Committee, have assessed Ms. Sola David-Borha's independence and are satisfied that she meets the requirements of independence, including those as set out in King IV. Accordingly, Ms. David-Borha, who was classified as a non-executive director upon her appointment to the boards of Standard Bank Group and SBSA, has been reclassified as an independent non-executive director of both companies with effect from 23 May 2024. Tillkännagivande • Apr 19
Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Directorate Retirements Standard Bank Group Limited and The Standard Bank of South Africa Limited announced that Dr. Xueqing Guan and Mr. Atedo Peterside, will retire as directors at the conclusion of the Annual General Meetings, scheduled to be held on 10 June 2024 and 23 May 2024 respectively. Dr. Guan and Mr. Peterside are required, in terms of the Memoranda of Incorporation of Standard Bank Group and SBSA, to retire by rotation at the respective companies' AGMs. Both directors have formally advised the Company and SBSA that they will not make themselves available for re-election. Consequently, they will step down from the boards and board committees that they serve on at the conclusion of the AGMs. Upcoming Dividend • Apr 03
Upcoming dividend of R7.33 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 7.7%. Lower than top quartile of Namibian dividend payers (11%). Higher than average of industry peers (5.5%). Declared Dividend • Mar 17
First half dividend increased to R7.33 Dividend of R7.33 is 6.1% higher than last year. Ex-date: 10th April 2024 Payment date: 15th April 2024 Dividend yield will be 7.6%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (56% payout ratio) and is expected to be covered in 3 years' time (58% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: R26.67 (vs R21.11 in FY 2022) Full year 2023 results: EPS: R26.67 (up from R21.11 in FY 2022). Revenue: R161.4b (up 11% from FY 2022). Net income: R46.0b (up 33% from FY 2022). Profit margin: 28% (up from 24% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 13
Standard Bank Group Limited Appoints Olusola (Sola) Adejoke David-Borha as Non-Executive Director Standard Bank Group announced the appointment of Olusola (Sola) Adejoke David-Borha to its board and that of The Standard Bank of South Africa Limited, as a non-executive director with effect from 13 March 2024. The appointment is subject to finalization of the South African Reserve Bank Prudential Authority's regulatory processes. Ms. David-Borha (63) holds a BSc. (Hons) (University of Ibadan, Nigeria), MBA (University of Manchester) and AMP (Harvard Business School). She is a non-executive director of Stanbic IBTC Holdings Plc and will remain a non-executive director of Coca-Cola Hellenic Bottling Company, United Kingdom until May 2024. Ms. David-Borha was previously employed by the Group and served as Chief Executive Officer for Africa Regions until her retirement in March 2021. Tillkännagivande • Dec 06
Standard Bank Group Limited Announces Board and Committee Changes Standard Bank Group Limited announced that in compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited and as previously announced on SENS on 25 November 2022, Standard Bank Group confirms that Kgomotso Moroka and John Vice retired as directors at the close of the company's Annual General Meeting held on 12 June 2023. The board extends its sincere gratitude to Kgomotso and John for their exemplary leadership and immense contribution during their tenure as non-executive directors and committee chairman of the company. Kgomotso Moroka and John Vice also retired from the board of SBSA at the close of its AGM on 25 May 2023. Atedo Peterside will complete his ninth year in office as a director of the company on 22 August 2023, resulting in his reclassification in terms of the South African Reserve Bank Prudential Authority's Directive as not being independent with effect from 23 August 2023. Considering his imminent reclassification, the board agreed to withdraw Atedo's nomination as a member standing for re-election for the Group Audit Committee and therefore, resolution 2.5 was withdrawn at the AGM. Accordingly, Atedo Peterside ceased to be a member of the Group and SBSA Audit Committees effective 12 June 2023. Tillkännagivande • Nov 27
Standard Bank Group Limited to Report Fiscal Year 2023 Results on Mar 14, 2024 Standard Bank Group Limited announced that they will report fiscal year 2023 results on Mar 14, 2024 Tillkännagivande • Nov 26
Standard Bank Group Limited (JSE:SBK) acquired additional unknown minority stake in Novus Holdings Limited (JSE:NVS). Standard Bank Group Limited (JSE:SBK) acquired additional unknown minority stake in Novus Holdings Limited (JSE:NVS) on November 24, 2023.
Standard Bank Group Limited (JSE:SBK) completed the acquisition of additional unknown minority stake in Novus Holdings Limited (JSE:NVS) on November 24, 2023. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Namibian stocks, typically moving 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.6% average weekly change). Significant insider selling over the past 3 months (R15m sold). New Risk • Oct 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: R15m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (R15m sold). Tillkännagivande • Oct 19
Standard Bank Group Limited (JSE:SBK) acquired a 9.73% stake in York Timber Holdings Limited (JSE:YRK). Standard Bank Group Limited (JSE:SBK) acquired a 9.73% stake in York Timber Holdings Limited (JSE:YRK) on October 17, 2023. Standard Bank Group Limited (JSE:SBK) completed the acquisition of a 9.73% stake in York Timber Holdings Limited (JSE:YRK) on October 17, 2023. Tillkännagivande • Sep 08
Standard Bank Group Limited to Report Q3, 2023 Results on Oct 17, 2023 Standard Bank Group Limited announced that they will report Q3, 2023 results on Oct 17, 2023 Upcoming Dividend • Sep 06
Upcoming dividend of R6.90 per share at 7.2% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 18 September 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 7.2%. Lower than top quartile of Namibian dividend payers (12%). Higher than average of industry peers (5.6%). Recent Insider Transactions • Aug 27
Key Executive recently sold R12m worth of stock On the 23rd of August, Arno Daehnke sold around 65k shares on-market at roughly R191 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Arno's only on-market trade for the last 12 months. Reported Earnings • Aug 20
First half 2023 earnings released: EPS: R13.22 (vs R9.81 in 1H 2022) First half 2023 results: EPS: R13.22 (up from R9.81 in 1H 2022). Revenue: R78.7b (up 27% from 1H 2022). Net income: R21.9b (up 36% from 1H 2022). Profit margin: 28% (up from 26% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Africa. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 18
Standard Bank Group Limited Declares Interim Gross Cash Dividend, Payable on 18 September 2023 The board of Standard Bank Group Limited has resolved to declare an interim gross cash dividend No. 107 of 690.00 cents per ordinary share (the cash dividend) to ordinary shareholders recorded in the register of the company at the close of business on 15 September 2023. The last day to trade to participate in the dividend is 12 September 2023. Ordinary shares will commence trading ex-dividend from 13 September 2023. Ordinary shareholders who hold dematerialised shares will have their accounts at their Central Securities Depository Participant (CSDP) or broker credited on 18 September 2023. Tillkännagivande • Aug 05
Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023 Standard Bank Group Limited provided earnings guidance for the six months ended June 30, 2023. For the period, the company expects headline earnings per share to be in the range of 1,245.1 cents to 1,292.0 cents and earnings per share to be 1,297.9 cents to 1,346.0 cents. The group's headline earnings per share (HEPS) and earnings per share (EPS) for 1H23 is expected to be higher than the reported HEPS and EPS for the six-month period ended 30 June 2022. Tillkännagivande • Jun 22
Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023 Standard Bank Group Limited announced that they will report first half, 2023 results on Aug 17, 2023 Tillkännagivande • Jun 15
Standard Bank Group Limited Announces Retirement of Directors Standard Bank Group Limited announced that Kgomotso Moroka and John Vice retired as directors at the close of the company's Annual General Meeting held, 12 June 2023. The board extends its sincere gratitude to Kgomotso and John for their exemplary leadership and immense contribution during their tenure as non-executive directors and committee chairman of the company. Tillkännagivande • May 25
Standard Bank Group Limited (JSE:SBK) acquired an unknown additional stake in Redefine Properties Limited (JSE:RDF). Standard Bank Group Limited (JSE:SBK) acquired an unknown additional stake in Redefine Properties Limited (JSE:RDF) on May 23, 2023.
Standard Bank Group Limited (JSE:SBK) completed the acquisition of an unknown additional stake in Redefine Properties Limited (JSE:RDF) on May 23, 2023. Upcoming Dividend • Mar 28
Upcoming dividend of R6.91 per share at 7.9% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 11 April 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 7.9%. Lower than top quartile of Namibian dividend payers (13%). Higher than average of industry peers (6.0%). Tillkännagivande • Feb 14
Standard Bank group Appoints Virginia Magapatona as New Group Head of Communication and Reputation Management, Effective 1 March 2023 Standard Bank group has appointed Virginia Magapatona as the new group head of communication and reputation management, effective 1 March 2023. Magapatona will oversee all communication activities for the group.She has more than 20 years of leadership expertise in corporate communication and reputation management. Magapatona joins Standard Bank group from FNB, where she held numerous leadership positions, including corporate affairs executive (reported to the chief executive officer) and was a member of the FNB executive committee (exco). She was also a trustee of the FirstRand Foundation and served on theFirstRand foundation audit, risk, and compliance committee. Standard Bank group chief operating officer, Margaret Nienaber, said the organisation is excited about Magapatona s return home, having spent her earlier years (2005 to 2009) with the group as part of Standard Bank corporate and investment banking division. Prior to that, she worked for HSBC Investment Services (Pty) Ltd. Tillkännagivande • Dec 01
Standard Bank Group Limited (JSE:SBK) acquired an unknown stake in Spear Reit Limited (JSE:SEA). Standard Bank Group Limited (JSE:SBK) acquired an unknown stake in Spear Reit Limited (JSE:SEA) on November 30, 2022.
Standard Bank Group Limited (JSE:SBK) completed the acquisition of an unknown stake in Spear Reit Limited (JSE:SEA) on November 30, 2022. Tillkännagivande • Nov 29
Standard Bank Group Limited to Report Fiscal Year 2022 Results on Mar 09, 2023 Standard Bank Group Limited announced that they will report fiscal year 2022 results on Mar 09, 2023 Tillkännagivande • Nov 28
Standard Bank Group Limited Revises Earnings Guidance for the Year 2022 Standard Bank Group Limited revised earnings guidance for the year 2022. For the fiscal year 2022, the company’s total income growth expected to be higher than guided in August 2022. Tillkännagivande • Nov 26
Standard Bank Group Limited and The Standard Bank of South Africa Limited Announce Directorate Change The PA granted Standard Bank Group (SBG) and The Standard Bank of South Africa Limited (SBSA) an exemption from the above provisions of the Directive until May 2023. In order to implement the provisions of the Directive, the following changes to SBG and SBSA directors' responsibilities will take effect from 1 January 2023: gomotso Moroka will step down as the chairman of the Group Social and Ethics Committee and be succeeded by Geraldine Fraser-Moleketi. Myles Ruck will step down as the chairman of the Group and SBSA Risk and Capital Management Committees as well as the SBG and SBSA Large Exposure Credit Committees and be succeeded by Ben Kruger. Kgomotso Moroka will remain a non-executive director of SBG and SBSA and a member of the Group Social and Ethics Committee until her planned retirement at the conclusion of each company's AGM in 2023. Myles Ruck will retire from the boards of SBG and SBSA effect. Tillkännagivande • Nov 23
Standard Bank Group Limited, Annual General Meeting, Jun 12, 2023 Standard Bank Group Limited, Annual General Meeting, Jun 12, 2023. Tillkännagivande • Nov 09
Standard Bank Group Limited and The Standard Bank of South Africa Limited Announces Executive Changes Standard Bank Group Limited announce the appointment of Kobus Froneman (51) BCompt (Unisa) as group secretary of Standard Bank Group and The Standard Bank of South Africa Limited ("SBSA") with effect from 8 November 2022. Mr. Froneman has held an executive position in the Group's Governance Office over the past 10 years. He has gained extensive risk and governance experience and exposure to engagement with boards and Regulators during his 21 years in the financial services industry. Ms Zola Stephen will step down as group secretary of Standard Bank Group and SBSA and will be transitioning to a new role within the Group. Tillkännagivande • Nov 04
Standard Bank Group Limited and the Standard Bank of South Africa Limited Appoints Lwazi Loyiso Bam as Non-Executive Director Standard Bank Group Limited announced the appointment of Lwazi Loyiso Bam to its board and the board of The Standard Bank of South Africa Limited as an independent non-executive director with effect from 1 November 2022. Lwazi Bam (50), B.Com (Hons)(University of KwaZulu Natal), B.Compt (UNISA), AMP (Harvard Business School), CA(SA), was the CEO for the Deloitte Africa firm, a member of the Deloitte Global Network, until 31 May 2022. He also served as a member of the Deloitte Global Executive Committee, and prior to this, he served on the Deloitte Global Board. Mr. Bam remained a partner of the firm until 30 September 2022 to oversee the completion of several projects. Recent Insider Transactions • Sep 21
Group CEO & Executive Director recently bought R8.3m worth of stock On the 15th of September, Simpiwe Tshabalala bought around 57k shares on-market at roughly R146 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Simpiwe has been a net seller over the last 12 months, reducing personal holdings by R8.0m. Upcoming Dividend • Sep 07
Upcoming dividend of R5.15 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 19 September 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 6.6%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (5.7%). Reported Earnings • Aug 22
First half 2022 earnings released: EPS: R0 (vs R7.17 in 1H 2021) First half 2022 results: EPS: R0. Revenue: R56.2b (down 4.8% from 1H 2021). Net income: R13.9b (up 22% from 1H 2021). Profit margin: 25% (up from 19% in 1H 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 22% growth forecast for the Banks industry in Africa. Tillkännagivande • Jun 14
Standard Bank Group Limited Provides Earnings Guidance for the Six-Month Period Ending 30 June 2022 Standard Bank Group Limited announced that shareholders are advised that Group's headline earnings per share (HEPS) and earnings per share (EPS) for the six-month period ending 30 June 2022 are expected to be more than 20% higher than the reported HEPS and EPS for the comparable period (first half of 2021 HEPS: 721.4 cents, first half of 2021 EPS: 717.4 cents). Tillkännagivande • Jun 07
Standard Bank Group Limited Appoints Barend (Ben) Johannes Kruger as Non-Executive Director The Standard Bank Group board announced the appointment of Barend (Ben) Johannes Kruger to its board and that of The Standard Bank of South Africa Limited as an independent non-executive director with immediate effect. Ben Kruger (63), B.Com Acc (Hons)(University of Pretoria), AMP (Harvard Business School), CA(SA), is the Lead Independent Director of Aspen Pharmacare Holdings Limited and a non-executive director of The Johannesburg Stock Exchange Limited and Stanbic IBTC Holdings Plc. He is also the executive chairman of Ruby Rock Investments Proprietary Limited and the Deputy Chair and Member of the Council of the University of Pretoria. Ben was previously employed by the Group and served in various roles including as the Deputy Group Chief Executive, the Joint Group Chief Executive until September 2017 and finally, the Executive Director until his retirement in December 2018. Tillkännagivande • May 12
Standard Bank Group Limited Announces the Appointment of Ms Nonkululeko Nyembezi as the Chairman Designate Standard Bank Group Limited further to the announcement released on the Stock Exchange News Service on 31 March 2022 in relation to the retirement of Mr. Thulani Sikhulu Gcabashe at the conclusion of the upcoming annual general meeting on 31 May 2022, the Group announced the appointment of Ms Nonkululeko Nyembezi as the Chairman designate of the boards of Standard Bank Group and The Standard Bank of South Africa Limited (SBSA). Ms Nyembezi will take over as Chairman of the Group and SBSA Boards, as well as Chairman of the Directors' Affairs Committee, with effect from 1 June 2022. This appointment followed a robust succession planning process that was ably led by the Group's Lead Independent Director. The Group has also obtained the necessary Prudential Authority clearance for the appointment. Ms Nyembezi was appointed to the boards of Standard Bank Group and SBSA in January 2020 as an independent non-executive director. She is a seasoned and respected leader with extensive experience in diverse industries, gained from many years as an executive and board member. Her experience includes that of board chairman and member of board committees, with core expertise in strategy, planning, execution, governance and corporate stewardship and a proven record as a leader in diverse and complex organisations. Ms Nyembezi's previous roles include the chairman of Alexander Forbes Group Holdings, non-executive director of Old Mutual, CEO of ArcelorMittal South Africa and non-executive director of Standard Bank Namibia. In line with the time commitment associated with her new role, Ms Nyembezi has reviewed her current commitments. Her role as the non-executive chairman of the Johannesburg Stock Exchange came to an end on 3 May 2022 and her external engagements will therefore be her board memberships at Anglo American plc and Macsteel. Tillkännagivande • Apr 01
Standard Bank Group Announce Resignation of Thulani Sikhulu Gcabashe as Chairman and Director Standard Bank Group announced that Thulani Sikhulu Gcabashe will retire as chairman and director of the Company at the conclusion of each of the companies' respective Annual General Meetings to be held in May 2022. Gcabashe was appointed as a director of Standard Bank Group and SBSA in 2003 and was appointed chairman of these boards in May 2015. Upcoming Dividend • Mar 30
Upcoming dividend of R5.11 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 11 April 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (4.8%). Tillkännagivande • Mar 30
Ibv International Vaults (London) Ltd. acquired Safe custody business of Standard Bank from Standard Bank Group Limited (JSE:SBK). Ibv International Vaults (London) Ltd. acquired Safe custody business of Standard Bank from Standard Bank Group Limited (JSE:SBK) on March 28, 2022. IBV will take over Standard Bank’s book of more than 20000 clients, as well as management of seven private safety deposit vault facilities across South Africa.
Ibv International Vaults (London) Ltd. completed the acquisition of Safe custody business of Standard Bank from Standard Bank Group Limited (JSE:SBK) on March 28, 2022. Reported Earnings • Mar 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: R15.63 (up from R7.77 in FY 2020). Revenue: R123.1b (up 11% from FY 2020). Net income: R24.9b (up 101% from FY 2020). Profit margin: 20% (up from 11% in FY 2020). Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is expected to shrink by 2.4% compared to a 23% growth forecast for the banks industry in Africa. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 03
Standard Bank Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021 Standard Bank Group Limited provided earnings guidance for the year ended 31 December 2021. For the year, the company expects HEPS in the range of 1,503.9 cents to 1,604.2 cents and EPS in the range of 1,515.2 cents to 1,592.9 cents. Tillkännagivande • Feb 17
Standard Bank Group Limited Announces Resignation of Maureen Erasmus as Non-Executive Director Standard Bank Group Limited announced the resignation of Maureen Erasmus as non-executive director with effect from 16 February 2022. Recent Insider Transactions • Oct 07
Group CEO & Executive Director recently sold R1.9m worth of stock On the 5th of October, Simpiwe Tshabalala sold around 13k shares on-market at roughly R142 per share. This was the largest sale by an insider in the last 3 months. This was Simpiwe's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 23
Independent Chairman of the Board recently bought R206k worth of stock On the 20th of September, Thulani Gcabashe bought around 2k shares on-market at roughly R137 per share. This was the largest purchase by an insider in the last 3 months. This was Thulani's only on-market trade for the last 12 months. Upcoming Dividend • Sep 08
Upcoming dividend of R3.60 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 20 September 2021. Trailing yield: 5.0%. Lower than top quartile of Namibian dividend payers (6.5%). Higher than average of industry peers (4.0%). Reported Earnings • Aug 24
First half 2021 earnings released: EPS R7.17 (vs R2.37 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R59.0b (up 13% from 1H 2020). Net income: R11.4b (up 203% from 1H 2020). Profit margin: 19% (up from 7.2% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Tillkännagivande • Aug 08
Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021 Standard Bank Group Limited provided earnings guidance for the six months ended June 30, 2021. For the period, the company expects HEPS in the range of 687.0 cents to 734.4 cents and EPS in the range of 686.4 cents to 733.8 cents. Executive Departure • Jul 13
Chief Executive Officer of Africa Regions Olusola David-Borha has left the company On the 30th of June, Olusola David-Borha's tenure as Chief Executive Officer of Africa Regions ended after 4.5 years in the role. We don't have any record of a personal shareholding under Olusola's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.17 years. Executive Departure • Jun 02
Independent Non-Executive Director has left the company On the 27th of May, Andre Parker's tenure as Independent Non-Executive Director ended after 7.2 years in the role. We don't have any record of a personal shareholding under Andre's name. A total of 3 executives have left over the last 12 months. Upcoming Dividend • Apr 07
Upcoming dividend of R2.40 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 19 April 2021. Trailing yield: 1.9%. Lower than top quartile of Namibian dividend payers (7.4%). Lower than average of industry peers (4.2%). Reported Earnings • Mar 12
Full year 2020 earnings released: EPS R7.77 (vs R15.94 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: R103.1b (down 16% from FY 2019). Net income: R13.2b (down 48% from FY 2019). Profit margin: 13% (down from 21% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue misses expectations Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 13%, compared to a 31% growth forecast for the Banks industry in Africa. Tillkännagivande • Mar 12
Standard Bank Group Limited Announces Cash Dividend on Ordinary Shares, Payable on 19 April 2021 Standard Bank Group Limited announced that the board has resolved to declare a final gross cash dividend No. 102 of 240 cents per ordinary share (the cash dividend) to ordinary shareholders recorded in the register of the company at the close of business on 16 April 2021. The last day to trade to participate in the dividend is Tuesday, 13 April 2021. Ordinary shares will commence trading ex dividend from, 14 April 2021. Payable on 19 April 2021. Is New 90 Day High Low • Mar 11
New 90-day high: R143 The company is up 16% from its price of R124 on 11 December 2020. The Namibian market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R40.66 per share. Tillkännagivande • Feb 25
Standard Bank Group Partners Hedera Hashgraph Joins the Hedera Governing Council Standard Bank Group has partnered with Hedera Hashgraph and joined the Hedera Governing Council. Standard Bank will establish the continent's first Hedera network node, which is set to solve some of the sore points that have historically beset the development of cross-border trade. Lengthy settlement periods, information asymmetry between multiple parties involved in a transaction, which ends up creating delays in receiving approval from intermediaries, are some of the challenges that create bottlenecks in cross-border trade. Further, there is little to no visibility or transparency for all parties involved. Hedera's distributed ledger technology (DLT) effectively allows for the sharing of information between two parties involved in a transaction and ensures that information or data is in fact credible and authentic – without the need for a trusted intermediary. Transactions conducted via the DLT platform are not confirmed until all data fields and conditions are met. This creates a transparent environment and allows for trades to be settled faster and more efficiently. Standard Bank Group has been a pioneer in leveraging blockchain and distributed ledger technologies to bring speed and transparency to its large and growing customer base across Africa. It has leveraged this technology for several use cases, including foreign exchange (FX) payments and settlement across partner banks, clients, and counterparties involved in trades. While domestic payments are already instant, cheap and transparent, cross-border transactions are subject to several complications such as dependency on banking networks. Many of these challenges are removed when conducting cross-border payments with digital currencies like stablecoins based on a DLT platform. Stablecoins are designed to minimise price volatility by pegging the currency to a relative or particular "stable" asset or basket of assets. The digital currency provides instant settlement and high liquidity and visibility, which in turn helps businesses to track the process and manage their own liquidity needs. This is critical in the current cash-crunch environment. As part of the partnership, Standard Bank joins the Hedera Governing Council – a growing network of the world's large enterprises and organizations, including Avery Dennison, Boeing, Dentons, Deutsche Telekom, DLA Piper, eftpos, FIS, Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. Members of the Hedera Governing Council are responsible for running the initial nodes of the Hedera network, as well as guiding both strategy and software development, over a maximum of two consecutive three-year terms. This ensures stability and is conducive to maintaining diversity and decentralization of the public network, with a governance model that eliminates the risk of forks, safeguards users, and preserves the integrity of the Hedera network. Tillkännagivande • Feb 20
Standard Bank Group Board Appoints Paul Cook to Board Standard Bank Group board announced the appointment of Paul Cook to its board. Paul Cook is the co-founder and Managing Director of Silvertree Holdings. Is New 90 Day High Low • Feb 06
New 90-day high: R139 The company is up 24% from its price of R112 on 06 November 2020. The Namibian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R41.06 per share. Tillkännagivande • Nov 30
Standard Bank Group Limited to Report Fiscal Year 2020 Results on Mar 11, 2021 Standard Bank Group Limited announced that they will report fiscal year 2020 results on Mar 11, 2021 Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 20% share price gain to R135, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 11.2x. This compares to an average P/E of 6x in the Banks industry in Africa. Total return to shareholders over the past three years is a loss of 2.8%. Is New 90 Day High Low • Nov 11
New 90-day high: R125 The company is up 17% from its price of R107 on 13 August 2020. The Namibian market is down 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R15.20 per share. Tillkännagivande • Nov 02
Standard Bank Group Limited and the Standard Bank of South Africa Limited Appoint Arno Daehnke, as Group Financial Director, as Debt Officer of the Group and the Bank, Effective 1 November 2020 Standard Bank Group Limited and The Standard Bank of South Africa Limited are advised that the boards of the Group and the Bank have appointed Arno Daehnke, in his capacity as Group Financial Director, as Debt Officer of the Group and the Bank, effective 1 November 2020. Is New 90 Day High Low • Oct 24
New 90-day high: R121 The company is up 11% from its price of R109 on 24 July 2020. The Namibian market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R16.14 per share. Tillkännagivande • Sep 29
Industrial and Commercial Bank of China Limited (SEHK:1398) agreed to acquire 20% stake in ICBCA from Standard Bank Group Limited (JSE:SBK) for ZAR 2.7 billion. Industrial and Commercial Bank of China Limited (SEHK:1398) agreed to acquire 20% stake in ICBC Investments Argentina S.A. Sociedad Gerente de Fondos Comunes de Inversion, Industrial and Commercial Bank of China (Argentina) S.A. and Inversora Diagonal S.A. (collectively ICBCA) from Standard Bank Group Limited (JSE:SBK) for ZAR 2.7 billion on August 8, 2019. Industrial and Commercial Bank of China Limited (SEHK:1398) signed a memorandum of agreement to acquire additional 20% stake in Industrial and Commercial Bank of China (Argentina) SA from from Standard Bank Group Limited (JSE:SBK) on October 17, 2019. The transaction is subject to conditions precedent customary to transactions of this nature, including regulatory approvals in China and Argentina. Standard Bank Group Limited would seek to reinvest proceeds from the sale to support its African strategy. Transaction is expected to close in last quarter of 2019 or first half of 2020. JPMorgan Chase Bank, National Association, Johannesburg Branch provided fairness opinion to Standard Bank Group Limited’s Board. BofA Securities, Inc. acted as financial advisor for Industrial and Commercial Bank of China Limited. Zhang, Hong of Clifford Chance, Hong Kong acted as legal advisor to Industrial and Commercial Bank of China Limited. Tillkännagivande • Sep 20
Standard Bank Group Limited to Report First Half, 2020 Results on Aug 20, 2020 Standard Bank Group Limited announced that they will report first half, 2020 results on Aug 20, 2020 Tillkännagivande • Aug 26
Standard Bank Group Limited (JSE:SBK) acquired 35% stake in Tradesafe. Standard Bank Group Limited (JSE:SBK) acquired 35% stake in Tradesafe on August 25, 2020. Standard Bank has appointed two non-executive directors to the TradeSafe board.
Standard Bank Group Limited (JSE:SBK) completed the acquisition of 35% stake in Tradesafe on August 25, 2020. Tillkännagivande • Aug 20
Standard Bank Group Limited Not Declares an Interim Dividend for the Six Months Ended June 30, 2020 The board of Standard Bank Group Limited has not declared an interim dividend on ordinary shares against 454 cents per share a year ago. Tillkännagivande • Jul 31
Standard Bank Group Limited (JSE:SBK) acquired 40% stake in Payment24 Pty Ltd. Standard Bank Group Limited (JSE:SBK) acquired 40% stake in Payment24 Pty Ltd. on April 7, 2020.
Standard Bank Group Limited (JSE:SBK) completed the acquisition of 40% stake in Payment24 Pty Ltd. on April 7, 2020. 