Standard Bank and Jozi My Jozi partner to drive Joburg inner city clean-up
Standard Bank and Jozi My Jozi have announced a partnership to drive the clean-up of the inner-city of Johannesburg.
Jozi My Jozi is a non-profit organisation founded by a coalition of business, civil society organisations and public sector stakeholders who want to see a revitalisation of the inner-city.
The purpose of Jozi My Jozi is to connect every person who wants to make a difference, from private to public sector and the everyday people of Jozi, in order to inspire sustainable solutions for the inner city and creating a snowball of positive change that spreads across South Africa.
For the month of November, Jozi My Jozi and Standard Bank Group volunteers will be hitting the streets of Jozi as part of a four-week city clean-up project. The aim of the clean-up initiative is to help create a city that we can all be proud of through collaborations and united actions that can hopefully become a catalyst for change for our city center.
Over the years, the inner-city has become less than what it used to be for residents, visitors, and commuters alike. Recent events impacting the area have served to highlight the need for more support and investment in the city, to take it back to its original status, as a world class leading African city.
“The Jozi My Jozi initiative reflects our passion for seeing an improved Johannesburg which ultimately plays an influential role in Gauteng, South Africa and this continent as the key financial hub that we proudly call home where we have a proud 161-year history,” says Margaret Nienaber, Standard Bank Group Chief Operating Officer.
“The reimagining and recreation of the Johannesburg inner-city through this unique private public partnership is an affirmation of the impact that unified and purposeful investment can have in areas that were once the centers of attraction,” adds Nienaber.
“We hope that this initiative will spark the silent majority who have a passion for a rejuvenated Johannesburg to have an outlet for them to express their passion for the city,” says creative expert Melusi Mhlungu, Founder & CCO at We Are Bizarre, who crafted the Jozi My Jozi brand.
“The clean-up initiative is more than a one-off, we are adding our people and resources to the work that organisations like The Firm, Clean SA and Pikitup are doing. We see this as a catalyst to an impactful movement that can drive the rejuvenation of an inner-city that has a storied history as key tenants of this African flagship city,” concludes Ms Nienaber.
About Standard Bank Group
Standard Bank Group is the largest African bank by assets, operating in 20 African countries and 5 global financial centers. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.
Standard Bank has a 161-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.
Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.
The group has over 49 000 employees including Liberty, more than 1 143 branches and over 6 600 ATMs on the African continent, which enable it to deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management.
Standard Bank Group Limited (SBG or group) headline earnings for the twelve months to 31 December 2022 (FY22) were R34.2 billion. Return on equity (ROE) improved to 16.4%. Net asset value grew by 10%. Standard Bank’s market capitalisation as of 31 December 2022 was R284 billion (USD17 billion).
The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.
For further information, go to http://www.standardbank.com