Earlier this year, Standard Bank said it would close 91 of its branches. But this has now been increased to 104 – 17% of all its branches. Gauteng will be worst hit, with 49 branches due to close by as early as this month.
Branches in a number of key locations – including Hyde Park, East Rand Mall, the Mbombela branch, Mitchell’s Plain and Hout Bay – will be closed.
Standard Bank initially expected 1,200 of its staff to be affected by the closures, but given the expanded list, more people could lose their jobs.
Source: Business Insider> https://www.businessinsider.co.za/standard-bank-branches-close-2019-6