You are using an older browser version. Please use a supported version for the best MSN experience.

Standard Bank appoints Sim Tshabalala as sole CEO

Eyewitness News logo Eyewitness News 2017-09-12 Reuters

FILE: This file photo shows joint chief executive at Standard Bank Sim Tshabalala participate in a session of the US-Africa Business Forum on "Open Markets: Financing The Africa Of Tomorrow," at the Mandarin Oriental Hotel on 5 August 2014, in Washington, DC. © Getty Images/AFP FILE: This file photo shows joint chief executive at Standard Bank Sim Tshabalala participate in a session of the US-Africa Business Forum on "Open Markets: Financing The Africa Of Tomorrow," at the Mandarin Oriental Hotel on 5 August 2014, in Washington, DC. JOHANNESBURG - Standard Bank, Africa’s largest bank by assets, has appointed Sim Tshabalala as its first black chief executive after four years of sharing the role, the company said on Tuesday.

South Africa’s financial sector, the economy’s largest, is often criticised by politicians for a perceived lack of transformation and remains dominated by white executives 23 years after the end of apartheid.

Also read: Gigaba's albatross: Follow the money

Standard Bank in 2013 appointed Tshabalala and Ben Kruger as joint chief executives after long-time boss Jacko Maree stepped down.

“The board is satisfied that the structure, which was necessary in 2013, has met and in many respects exceeded expectations. Accordingly, Ben Kruger steps down from the role of joint-group chief executive with immediate effect,” the firm said in a statement.

Kruger will stay on as an executive director of the company, and will report to Tshabalala as new group chief executive, Standard Bank said.

Is your career at risk? 10 jobs facing extinction (provided by GOBankingRates) MAIN-Close-up-Of-Businesspeople-With-Files-Sitting-On-Chair-AndreyPopov-iStock-532279912: <p>The nation’s unemployment rate, which registered at 4.4 percent in August, has been hovering at or near 16-year lows this spring and summer. And the future looks even brighter for those working as wind turbine technicians, physical therapists and nurse practitioners, as the renewable energy sector expands and aging Americans need more help to maintain and manage their health.</p><p>But prospects aren’t as rosy for other occupations and employment sectors. While not quite extinct yet, these industries are definitely headed for the endangered species list. Figures from the Bureau of Labor Statistics show postal clerks, plastics makers, textile manufacturers and others whose jobs are being exported or taken over by technology will have far fewer workers among their ranks by 2024.</p><p>Here are the 10 specific occupations and occupational groups the BLS projects will lose the most workers between 2014 and 2024. Some job titles are listed individually, while job losses for related jobs in the same “minor group” according to the Bureau’s Standard Occupational Classification system have been combined. Click through to see the list and learn <a href="https://www.gobankingrates.com/making-money/looking-work-company-job-openings-state/">where there are the most job openings in every state</a>.</p> Is your career at risk? 10 jobs facing extinction

More from Eyewitness News

Eyewitness News
Eyewitness News
image beaconimage beaconimage beacon