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#OFMBusinessHour: Standard Bank takes Central SA business to new heights

───   19:21 Tue, 25 May 2021

#OFMBusinessHour: Standard Bank takes Central SA business to new heights | News Article

Small and medium enterprises are the lifeblood of Africa. They play a crucial role in its growth, providing employment, stoking new economies, and connecting the continent to the rest of the world.

In South Africa they are the heartbeat of our GDP and provide employment to roughly 47% of the workforce, with their total economic output accounting for around 20% of the GDP. No one understands more than Standard Bank. On the Business Hour, we are shining a light on one of Standard Bank’s longtime and successful clients in Central SA - Bainsvlei Bande Diens.

Co-founder of the company, Hermina Badenhorst, thanks Standard Bank for their support over the years. She says the financial institution has helped Bainsvlei Bande Diens reach new heights, like expanding to a larger property. This is on the back of a drought, and more recently Covid-19, which has threatened many small businesses.

Head of Standard Bank’s Client coverage and business clients in the Northern Cape and Free State, Brendan Jacobs, says while we must acknowledge the challenges that have come with the pandemic, we need to also take advantage of the opportunities that have come with it.


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