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Johannesburg - Standard Bank Group [JSE:SBK] has been ranked as the top empowerment company in South Africa by Empowerdex, one of South Africa's leading empowerment verification agencies.
Standard Bank achieved an overall BEE rating of 92.83%.
"This is a significant achievement and is a culmination of years of hard work by thousands of people at Standard Bank. The active transformation philosophy and strategy that Standard Bank has been pursuing for several years is having a meaningful impact," said Sim Tshabalala, Chief Executive, Standard Bank South Africa.
Tshabalala said that transformation is a social and economic imperative for South Africa and the country's long-term future depended on getting this right.
"Standard Bank is nearly 150 years old. We are inextricably intertwined with South African society. We hope and expect to be around for at least another 150 years - which is precisely why we must transform. We need to stay relevant, and we need to be sustainable," he said.
Standard Bank achieved an overall BEE rating of 92.83%.
"This is a significant achievement and is a culmination of years of hard work by thousands of people at Standard Bank. The active transformation philosophy and strategy that Standard Bank has been pursuing for several years is having a meaningful impact," said Sim Tshabalala, Chief Executive, Standard Bank South Africa.
Tshabalala said that transformation is a social and economic imperative for South Africa and the country's long-term future depended on getting this right.
"Standard Bank is nearly 150 years old. We are inextricably intertwined with South African society. We hope and expect to be around for at least another 150 years - which is precisely why we must transform. We need to stay relevant, and we need to be sustainable," he said.
