Investments
16Portfolio Exits
2Partners & Customers
10About Standard Bank of South Africa
Standard Bank of South Africa (JSE: SBK) is an Africa-focused financial services organization that provides personal banking, business banking, insurance & wealth advisory, corporate and investment banking, and wealth & investment services.
Standard Bank of South Africa Headquarter Location
Johannesburg,
South Africa
+27 0860 123 000
Latest Standard Bank of South Africa News
May 10, 2022
Subscribe Standard Bank says it has appointed Nonkululeko Nyembezi as chair-designate of the group and the Standard Bank of South Africa, with effect from 1 June 2022. The group said it has obtained the necessary Prudential Authority clearance for the appointment. Nyembezi was appointed to the boards of Standard Bank Group and SBSA in January 2020 as an independent non-executive director. Her experience includes being both a board chairman and a member of board committees, with core expertise in strategy, planning, execution, governance and corporate stewardship. Her previous roles include serving as chairman of the Johannesburg Stock Exchange and Alexander Forbes Group Holdings, non-executive director of Old Mutual, CEO of ArcelorMittal South Africa, and non-executive director of Standard Bank Namibia. Nyembezi is chairman of Business Leadership South Africa (BLSA) and also represents corporate South Africa at international investment conferences including the World Economic Forum and the SA Tomorrow conference. An electrical engineering graduate of the University of Manchester Institute of Science and Technology (B.Sc.) and of the Californian Institute of Technology (M.Sc), Nyembezi also holds an MBA from the Open University (UK.) Standard Bank Group chief executive Sim Tshabalala, said: “Our chairman-designate is a truly remarkable person. By every possible measure of experience, character, skill, and achievement, Ms Nyembezi is ideally suited to be the chairman of the Standard Bank Group. Ms Nyembezi’s very strong – and directly relevant – academic background, great achievements as an industrialist and corporate leader, and her worldwide network of colleagues and peers combine to make her a very widely respected citizen of South Africa, Africa, and the world. “Nku is exactly the person that African’s leading financial institution needs to lead our Board and govern our business. It is also hugely significant to us that the Standard Bank Group will shortly have its first female chairman, and that this chairman is a black African woman. This is a profound and historic strategic moment – at once a proud celebration of unquestionable excellence and a moment of restorative justice.” Nyembezi takes over from Thulani Gcabashe. “It’s been a privilege to chair Standard Bank over the past seven years. The group has gained competitiveness, demonstrated impressive resilience, and upheld our commitment to maintaining the highest standards of corporate governance. I wish the Group and Nku very well and I have no doubt that she will be an outstanding chairman,” he said.
Standard Bank of South Africa Investments
16 Investments
Standard Bank of South Africa has made 16 investments. Their latest investment was in Rewire as part of their Series C on February 2, 2022.
Standard Bank of South Africa Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/8/2022 | Series C | Rewire | $25M | No | 4 | |
10/26/2021 | Line of Credit | Sun King | $75M | Yes | 3 | |
9/21/2021 | Seed | HelloChoice | Yes | 5 | ||
3/17/2021 | Unattributed | |||||
8/25/2020 | Corporate Minority |
Date | 2/8/2022 | 10/26/2021 | 9/21/2021 | 3/17/2021 | 8/25/2020 |
---|---|---|---|---|---|
Round | Series C | Line of Credit | Seed | Unattributed | Corporate Minority |
Company | Rewire | Sun King | HelloChoice | ||
Amount | $25M | $75M | |||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 4 | 3 | 5 |
Standard Bank of South Africa Portfolio Exits
2 Portfolio Exits
Standard Bank of South Africa has 2 portfolio exits. Their latest portfolio exit was Standard Bank of South Africa - Safe Custody Business on March 29, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/29/2022 | Divestiture | 1 | |||
Date | 3/29/2022 | |
---|---|---|
Exit | Divestiture | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 1 |
Standard Bank of South Africa Acquisitions
1 Acquisition
Standard Bank of South Africa acquired 1 company. Their latest acquisition was SnapScan on December 09, 2016.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
12/9/2016 | Other | Acquired | 3 |
Date | 12/9/2016 |
---|---|
Investment Stage | Other |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 3 |
Standard Bank of South Africa Partners & Customers
10 Partners and customers
Standard Bank of South Africa has 10 strategic partners and customers. Standard Bank of South Africa recently partnered with Nomanini, and Nestle on January 1, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/18/2022 | Partner | South Africa, and Switzerland | Nestlé, Nomanini and Standard Bank partner to provide MSMEs access to working capital Nestlé , Nomanini and Standard Bank partner to provide MSMEs access to working capital | 1 | |
11/1/2021 | Vendor | United States | TFG Weekly Trade Briefing, 1st November 2021. South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave . | 1 | |
11/1/2021 | Partner | United States | TFG Weekly Trade Briefing, 1st November 2021. South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave . | 1 | |
10/28/2021 | Vendor | ||||
10/28/2021 | Vendor |
Date | 1/18/2022 | 11/1/2021 | 11/1/2021 | 10/28/2021 | 10/28/2021 |
---|---|---|---|---|---|
Type | Partner | Vendor | Partner | Vendor | Vendor |
Business Partner | |||||
Country | South Africa, and Switzerland | United States | United States | ||
News Snippet | Nestlé, Nomanini and Standard Bank partner to provide MSMEs access to working capital Nestlé , Nomanini and Standard Bank partner to provide MSMEs access to working capital | TFG Weekly Trade Briefing, 1st November 2021. South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave . | TFG Weekly Trade Briefing, 1st November 2021. South Africa 's Standard Bank has launched a new digital payments partnership with Africa-based fintech Flutterwave . | ||
Sources | 1 | 1 | 1 |
Standard Bank of South Africa Team
6 Team Members
Standard Bank of South Africa has 6 team members, including former Chief Executive Officer, Stuart Henrickson.
Name | Work History | Title | Status |
---|---|---|---|
Stuart Henrickson | HSBC, National Bank of Abu Dhabi, Chase Bank, Koch Minerals, Canadian Imperial Bank of Commerce, and Merrill | Chief Executive Officer | Former |
Mensah George | Chief Information Officer | Former | |
John Wentzel | Chief Information Officer | Former | |
Peter Freeman | Founding Partner | Former | |
Pedro Marcilio | Managing Director | Former |
Name | Stuart Henrickson | Mensah George | John Wentzel | Peter Freeman | Pedro Marcilio |
---|---|---|---|---|---|
Work History | HSBC, National Bank of Abu Dhabi, Chase Bank, Koch Minerals, Canadian Imperial Bank of Commerce, and Merrill | ||||
Title | Chief Executive Officer | Chief Information Officer | Chief Information Officer | Founding Partner | Managing Director |
Status | Former | Former | Former | Former | Former |
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