Standard Bank : Africa Investors' Conference - 22 June 2021

STANDARD BANK GROUP

SBG SECURITIES AFRICA INVESTOR CONFERENCE

22 June 2021

SBG strategic priorities

Our purpose: Africa is our home, we drive her growth

Why we exist

Our strategic priorities:

What we need to do to

deliver our purpose

Transform client		Execute with		Drive sustainable
experience		excellence		growth and value

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KEY MACRO TRENDS

Interest rates

Average interest rates lower 4M21 vs 4M20

South Africa and International

10

8

6

4

2

0

Jan 20

Mar 20

Apr 20

Jun 20

Aug 20

Oct 20

Dec 20

Feb 21

Apr 21

%

SA

US1

East Africa

10

8

6

4

2

0

Jan 20

Mar 20

Apr 20

Jun 20

Aug 20

Oct 20

Dec 20

Feb 21

Apr 21

%

Uganda

Kenya

1 Represents the US Federal Funds Target Rate Source: Bloomberg

South and Central

15

10

5

0

Jan 20 Mar 20 Apr 20 Jun 20 Aug 20 Oct 20 Dec 20 Feb 21 Apr 21

%		Mozambique		Zambia		Namibia		Botswana		Mauritius

West Africa

20
15
10
5
0
Jan 20 Mar 20	Apr 20 Jun 20	Aug 20	Oct 20 Dec 20 Feb 21 Apr 21
%	Angola	Ghana	Nigeria

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Currencies

On average, ZAR stronger 4M21 vs 4M20

South Africa and International

140
130
120	103.4
110
100
90
80
Jan 20 Mar 20 Apr 20	Jun 20 Aug 20 Oct 20 Dec 20 Feb 21 Apr 21
%	USD/ZAR

South and Central

160

150

140152.3

130

120

110		90.2
100
90
80
70
Jan 20 Mar 20	Apr 20 Jun 20 Aug 20	Oct 20 Dec 20 Feb 21 Apr 21
%	ZAR/ZMW	ZAR/MZN

East Africa			West Africa
110		102.8	140			130.8
100			120			108.7
90		94.1	100
					97.9
80			80
70			60
Jan 20 Mar 20	Apr 20 Jun 20 Aug 20	Oct 20 Dec 20 Feb 21 Apr 21	Jan 20 Mar 20	Apr 20 Jun 20	Aug 20 Oct 20	Dec 20 Feb 21 Apr 21
%	ZAR/KES	ZAR/UGX	%	ZAR/NGN	ZAR/GHS	ZAR/AOA

Source: Bloomberg, rates have been rebased to reflect movement since 1 January 2020

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