Standard Bank Boss Engages Local Stakeholders
Monday, February 03, 2014

"The team used the occasion to meet with Stanbic Bank senior management, regulators and some customers in Gaborone," Stanbic Botswana says in a statement. The statement says the visit came at a time when both Standard Bank Group and Stanbic Bank Botswana strived to further strengthen relationships with the local business community. "The visit further served as an opportunity for Tshabalala and the Standard Bank Group team to better appreciate the local market and business," it states.
It further says this is especially so following Stanbic Bank Botswana's transition into the new Core Banking System which went 'live' in March 2013. "This system is one of Standard Bank's largest-scale projects in recent years," it says. The statement notes that as a group, they pride themselves in making every effort to provide customers and clients with a world-class service. Tshabalala said they had motivated and dedicated people who were focused on ensuring that this happened on a daily basis. He stated that they were proud of their Botswana business and what the entire Stanbic Bank team in the country had achieved over the past 22 years.
This ruling is more than a technical legal decision it is a mirror reflecting the rot in the country’s procurement processes and governance.For far too long, government officials have twisted regulations to serve their interests, betraying the very citizens they are sworn to serve.The Judiciary’s rejection of this appeal is a timely reminder that corruption—no matter how deeply entrenched cannot indefinitely escape accountability. Yet,...