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South Africa Needs $75 Billion a Year to Spur Growth, Maree Says

Bloomberg Markets Friday 13 November 2026, 13:01 UTC By Bonolo Mokonoto 1 min read
Key Points

EXCLUSIVE South Africa Needs $75 Billion a Year to Spur Growth, Maree Says South Africa needs an additional $75 billion in annual investments to meet its growth objectives, the former leader of the continent’s biggest lender by assets said. “Growth above all is what’s required,” Jacko Maree, who was chief executive officer of Standard Bank Group Ltd. from 1999 to 2013, said in an interview on the sidelines of a conference in Johannesburg Thursday. “There really is only one real long-term...

EXCLUSIVE South Africa Needs $75 Billion a Year to Spur Growth, Maree Says South Africa needs an additional $75 billion in annual investments to meet its growth objectives, the former leader of the continent’s biggest lender by assets said. “Growth above all is what’s required,” Jacko Maree, who was chief executive officer of Standard Bank Group Ltd. from 1999 to 2013, said in an interview on the sidelines of a conference in Johannesburg Thursday. “There really is only one real long-term solution and that is fixed investment,” he said.
South Africa Needs (LOCATION) Maree (PERSON) Maree Says South Africa (ORG) Jacko Maree (PERSON) Standard Bank Group Ltd. (ORG) Johannesburg (LOCATION)
Originally published by Bloomberg Markets Read original →

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