Joburg and Standard Bank in new banking partnership
Standard Bank South Africa has beaten four banks in a tender bid to partner with the City of Joburg.
The participating banks were subject to the same rules and requirements, in line with the prevailing legislation, the Municipal Finance Management Act (MFMA).
The City had utilised the services of one of the big four audit and consultancy firms to ensure that the process was transparent and fair to all participants.
"This signifies the beginning of a new partnership with Standard Bank," says Mr. Trevor Fowler, the City Manager.
"We believe the partnership with Standard Bank will support the City of Johannesburg as it rolls out the GDS 2040 Strategy , will assist the City, through commitments undertaken during the bidding presentation, on numerous aspects which are in lin...