A special report on banking in emerging markets: A door to Africa  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 395 no. 8682 (May 2010), page 54+18.
Topik: South Africa; Standard Bank; ICBC
Fulltext: A door to Africa.pdf (266.1KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.60 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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TO UNDERSTAND where Standard Bank is today, says its boss, Jacko Maree, you have to go back to South Africa in early 1987, when Standard Chartered, its original parent, sold out completely. Most South African firms were not welcome in the rest of Africa, he says, and “it wasn’t entirely obvious” that Standard Bank’s priority should be there or indeed in emerging markets at all. When South Africa moved to majority rule in the 1990s, plenty of South African firms shifted their domicile to London and tried to diversify into developed markets, but Standard Bank stuck to its guns. Something of this determination is reflected in its choice to keep its headquarters in downtown Johannesburg even though most financial firms moved to Sandton, a safe but dull suburb where adventure is a bar named the Bull Run.

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