• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

SA banks more ethical - Maree

Jul 29 2012 15:47 Sapa

Related Articles

Absa's people strong, says Ramos

No evidence of rate-rigging in SA

Barclays played by its own rules

UK rate scandal: 'SA banks sound'

Rates scandal may cost banks $22bn

 
Durban - Banks in South Africa had an ethos and culture which was much stronger than their counterparts in Europe and the United States of America, Standard Bank's chief executive, Jacko Maree, said in Durban on Saturday night.

He was speaking at the annual Nat Nakasa journalism awards dinner, hosted by the SA National Editor's Forum and the Nieman Society of SA, where South African journalism's highest accolade was given to Press Ombudsman, Joe Thloloe - a leading journalist for over fifty years already.

Referring to the hostility and loss of trust the banking system overseas faced following major financial irregularities, Maree said rebuilding this confidence lay mainly with bank leadership, not necessarily the regulators of banking systems. People would also need to acknowledge the many positives of banks' roles in society.

"In South Africa, it is different... we have banks here with an ethos and culture which is much stronger than in Europe and the USA.

"This is partly due to better regulation, and also that we have simpler banks - not the type of 'casino banks' found in other developed financial systems.

"But it is also due to better governance and leadership values [here]."

At his bank, for example, Maree said a core value was to guard against arrogance, and to balance self-belief with a healthy dose of self-doubt.

* Follow Fin24 on Facebook, Twitter and Google+.
standard bank  |  jacko maree  |  banks

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
6 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...