Profits surge for Standard Bank
(WorldNews Business)

CAPE TOWN - Standard Bank, South Africa´s biggest bank by assets, said that it was banking on its digital transformation strategy for future growth after its interim profits surged 12% to R12.1 billion. Standard Bank shares closed 0.81% lower on the JSE yesterday at R162.55. The banking giant, which released its six months to end June results, said its core banking replacement journey in South Africa and Africa remained on track to close by the end of the year. `Although it has been a long and costly exercise, we remain of the opinion that it provides us with the resilient platform required to...