Standard Bank Group – “Good introduction to the banking industry in South Africa”

Pros

Largest bank in Africa, competitive culture, good working environment, pay for good performance, good career progression, various paths that can be followed.

Cons

Least innovative of the big 4 banks in South Africa, located on Johannesburg CBD as opposed to Sandton, Biggest shareholders are Chinese

Advice to Senior Management

Need a more transparent salary, bonus and promotion process. Need to be more innovative regarding product range and services. Less red tape and allow for more initiative. Need better skills within the bank