Minister of Finance congratulates Sim Tshabalala

Minister Malusi Gigaba

The Minister of Finance Malusi Gigaba has congratulated Mr Sim Tshabalala on being appointed the sole Chief Executive Officer (CEO) of Standard Bank Group Ltd.

“As one of the leaders of the so-called Big 4 banks, this is truly an affirmation of the capacity of black professionals, and a championing story for transformation in South Africa’s financial sector,” Minister Gigaba said in a statement.

“Along with the work that is currently ongoing in Parliament to address the slow pace of transformation in the financial sector, Mr Tshabalala’s appointment comes as a step in the right direction,”the  Minister added.

“The Minister wishes Mr Tshabalala well in his position as the sole CEO of Standard Bank Group Ltd and he also wishes outgoing joint-CEO, Mr Ben Kruger well as he steps down from the position,” the statement concluded.

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