Standard Bank Group CEO Sim Tshabalala refutes Moody’s concerns regarding the bank's exposure to South African government debt.
Tshabalala questioned Moody's data leading to their conclusion during a panel discussion at the Africa Unlocked Conference 2025.
The CEO mentioned that Standard Bank's investment in sovereign bonds is not higher than its competitors and is held for prudential reasons.
Standard Bank plans to directly engage with Moody's to address the discrepancies in their assessment as the CEO states their data contradicts the negative conclusions.