Kaya 959 Kaya Biz

PIVOT POINT: Catch up with Standard Bank CEO.

Loading player...
Simphiwe Tshabalala is joint Chief Executive of the Standard Bank Group and Chief Executive of Standard Bank South Africa. Tshabalala was born in Hlabisa, a poor area in rural KwaZulu Natal. He grew up in Soweto and obtained his matric from the Sacred Heart College in Johannesburg.

Standard Bank CEO Sim Tshabalala says SA’s potential greylisting by the Financial Action Task Force (FATF), an intergovernmental body that assesses countries’ ability to combat illicit financial activity, would be worse than a sovereign credit downgrade.
“The consequences of being greylisted are worse than downgrading,” Tshabalala told The Clement Manyathela Show on Radio 702 on Thursday. “The rand will weaken, inflation will spike, interest rates will go up ... it will be more expensive to buy food, pay for petrol, buy homes, buy cars. The country can’t afford it.”
14 Jul 2022 4AM English South Africa Business News · Investing

Other recent episodes

Sol Plaatje University has appointed Thebe Ikalafeng as its new Chancellor

Sol Plaatje University has appointed Thebe Ikalafeng as its new Chancellor, effective 16 January 2026, for a five-year term. This is a homecoming for Ikalafeng, born in Kimberley, now returning to support the Northern Cape’s premier higher education institution. He joins Nzinga Qunta on the show.
22 Jan 1PM 28 min

Promotions, value, and the evolving South African FMCG retail landscape

Fast-Moving Consumer Goods (FMCG) sector is starting to hit a tipping point. Retailers and manufacturers are under pressure, absorbing costs while running constant promotions, and margins are being squeezed. Trade Intelligence’s Senior Retail Analyst, Nicola Allen unpacks this Trade Intelligence’s 2026 South African FMCG Retail Outlook.
22 Jan 1PM 10 min

Why December debt lingers for 3 months and how to fix it

With the festive season behind us, many South Africans have detoxed their diets and decluttered their homes, but one area is quietly being ignored: financial clutter. Research shows that it typically takes households up to three months to recover financially from December, as many rely on credit to survive the…
22 Jan 1PM 15 min

Role of sovereign and development capital in driving regional infrastructure

We’re joined by Ipeleng Selele, Chairperson of Brand South Africa, following her panel discussion at the World Economic Forum, to talk about how sovereign and development capital can drive regional infrastructure, support economic transition, and strengthen South Africa’s position on the global stage.
22 Jan 1PM 8 min

SA loses thousands of taxpayers as more cut ties with SARS

South African Revenue Service (SARS) says over 50 000 taxpayers have ceased to be tax resident in South Africa over the past seven years. Delano Abdoll, Legal Manager: Cross-Border Taxation at Tax Consulting South Africa explains what this means for the economy.
22 Jan 1PM 9 min
All episodes