Edward West edward.west@inl.co.za AN ACCELERATION of structural reforms could boost confidence, investment and drive faster economic growth, Sim Tshabalala, chief executive of the biggest bank on the continent by assets, Standard Bank Group, said on Friday.
Geopolitical tensions, particularly in Ukraine, presented risks to this outlook he said at the release of the group’s results. The group operates in more than 20 African markets.
“The situation in Russia and Ukraine is complex and evolving. We are monitoring the events to comply with all relevant local and international laws and guidelines,” he said.
The group has limited direct exposure to Russia and Ukraine. However, potential secondary impacts across the countries where the bank operates were being assessed for example in financial markets, trade, transport logistics, commodity, and food prices.
The Industrial…