Improving business sustainability and growth in this unstable political environment is going to be key in building investor confidence in SA, and ensuring that the country’s credit rating does not get downgraded to ‘junk’ status. South Africa’s need to stimulate economic growth has seen greater collaboration between business and government and three work streams have been set up in this regard. The third work stream deals with prioritising and attracting investment in a core set of economic sectors and enterprises, including SOE’s, to unlock new growth.
At our next CEO Engagement, we will hear from Sim Tshabalala, CEO of Standard Bank and co-leader of this work stream, around how the private sector can help create detailed plans to remove barriers to growth, protect existing jobs, and drive inclusive growth as fast as possible.
Simpiwe “Sim” Tshabalala is Joint Chief Executive of Standard Bank Group and CEO of Standard Bank SA, and was recently elected to the board of the International Monetary Conference. As a qualified attorney with a Master of Laws, summa cum laude from Notre Dame in the US, Sim is part of the Business and Government 2016 collaboration and leads the work stream on attracting investments into SA together with Daniel Matjila, CEO of PIC. Sim’s career started in financial services and by 2001, he was MD of Stanbic Africa, later becoming CEO of Stanbic’s Personal and Business Banking division. In 2008, Sim was appointed CEO of Standard Bank SA and was subsequently appointed as joint Chief Executive of Standard Bank Group, further extending his responsibilities. Sim sits on the Boards of the Liberty Group; Stanbic IBTC, Standard Bank’s subsidiary in Nigeria; the Banking Association of SA and Business Leadership SA. Sim has also completed Harvard University’s Advanced Management Programme.
Please note that this event is by invitation only.