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Standard Bank Of South Africa
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the ''Commercial Bank of Port Elizabeth'', the Colesberg Bank, the British Kaffrarian Bank and the ''Fauresmith Bank''. It was prominent in financing and development of the diamond fields of Kimberley in 1867 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Witwatersrand
The Witwatersrand () (locally the Rand or, less commonly, the Reef) is a , north-facing scarp in South Africa. It consists of a hard, erosion-resistant quartzite metamorphic rock, over which several north-flowing rivers form waterfalls, which account for the name Witwatersrand, meaning "white water ridge" in Afrikaans.Truswell, J.F. (1977). ''The Geological Evolution of South Africa''. pp. 21, 27–28, 33–36. Cape Town: Purnell. This east-west-running scarp can be traced with only one short gap, from Bedfordview (about west of O.R. Tambo International Airport) in the east, through Johannesburg and Roodepoort, to Krugersdorp in the west (see the diagram at left below).Norman, N.; Whitfield, G. (2006) ''Geological Journeys''. pp. 38–49, 60–61. Cape Town: Struik Publishers. The scarp forms the northern edge of a plateau (or ridge) which rises about above the surrounding plains of the Highveld. A number of picturesque Johannesburg suburbs, including Observatory, Linksfi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental ( native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kimberley, Northern Cape
Kimberley is the capital and largest city of the Northern Cape province of South Africa. It is located approximately 110 km east of the confluence of the Vaal and Orange Rivers. The city has considerable historical significance due to its diamond mining past and the siege during the Second Anglo-Boer war. British businessmen Cecil Rhodes and Barney Barnato made their fortunes in Kimberley, and Rhodes established the De Beers diamond company in the early days of the mining town. On 2 September 1882, Kimberley was the first city in the Southern Hemisphere and the second in the world after Philadelphia, Pennsylvania in the United States to integrate electric street lights into its infrastructure. The first stock exchange in Africa was built in Kimberley, as early as 1881. History Discovery of diamonds In 1866, Erasmus Jacobs found a small brilliant pebble on the banks of the Orange River, on the farm ''De Kalk'' leased from local Griquas, near Hopetown, which was h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Kaffraria
British Kaffraria was a British colony/subordinate administrative entity in present-day South Africa, consisting of the districts now known as Qonce and East London. It was also called Queen Adelaide's Province. The British Kaffraria was established in 1847 when the British colonial government in the Cape Colony annexed the Ciskei region between the Keiskamma and Great Kei rivers and declared it a Crown Colony. Just 17 years later, it was incorporated into the Cape Colony after the Xhosa people suffered from a great famine following the Xhosa cattle-killing movement of 1856-7 and required relief from the British colonial government in the Cape Colony. The term Kaffraria stems from the derogative word " Kaffir" which was used as a term for the Black African inhabitants of southern Africa. The word is derived from the Arabic ''kafir'' that is usually translated into English as "disbeliever" or "non-believer", i.e. a non-Muslim or "one without religion". The word was originally appli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colesberg Bank
Colesberg Bank was a South African bank established in 1861 and acquired by Standard Bank in 1863. Formation The decision to establish the Colesberg Bank was taken at a public meeting held on 28 December 1860 at Colesberg. Mr. L.J. von Maltitz chaired the meeting and Mr. George Edington acted as Secretary. The motion to establish the bank was put forward by Mr. J.H. Davies and was seconded by Mr. R. A. Green and unanimously agreed to by those present. The following were selected to form a Committee "for the purpose of carrying out this scheme": Henry Green – Civil Commissioner for the District, L.J. von Maltitz, Richard Thomson, Charles Wheatley Mathews, R. A. Green, James Murray, A. A. Ortlepp, S Roos, and Thomas Draper. Capitalisation A total of 1,250 shares were issued at £20 each giving an initial capitalisation of £25,000. Payment for shares was staggered, being £1 at allotment, £2 three months after allotment, £2 after six months etc. Shareholding and voting r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Elizabeth
Gqeberha (), formerly Port Elizabeth and colloquially often referred to as P.E., is a major seaport and the most populous city in the Eastern Cape province of South Africa. It is the seat of the Nelson Mandela Bay Metropolitan Municipality, South Africa's second-largest metropolitan district by area size. It is the sixth-most populous city in South Africa and is the cultural, economic and financial centre of the Eastern Cape. The city was founded as Port Elizabeth in 1820 by Sir Rufane Donkin, who was the governor of the Cape at the time. He named it after his late wife, Elizabeth, who had died in India. The Donkin memorial in the CBD of the city bears testament to this. Port Elizabeth was established by the government of the Cape Colony when 4,000 British colonists settled in Algoa Bay to strengthen the border region between the Cape Colony and the Xhosa. It is nicknamed "The Friendly City" or "The Windy City". In 2019, the Eastern Cape Geographical Names Committee recommended ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank Of British South Africa
The Standard Bank was a British overseas bank, which operated mainly in Africa from 1863 to 1969. It merged with the Chartered Bank in 1969 to form Standard Chartered. History The bank was incorporated in London on 15 October 1862 as Standard Bank of British South Africa. It was formed by a group of South African businessmen led by John Paterson. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank. It was prominent in financing and development of the diamond fields of Kimberley in 1867. In reflection to the growth of its branch network and expansion outside British controlled regions, the bank dropped the word "British" from its title and adopted the name Standard Bank of South Africa Limited in 1881. When gold was discovered on the Witwatersrand, the bank expanded northwards and o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Paterson (Cape Politician)
John ("Jock") Paterson (1822 – 1880) was a prominent politician and successful businessman of the Cape Colony, and had a great influence on the development of Port Elizabeth where he was based. He ran newspapers, established the Grey Institute and played a significant role in founding South Africa's Standard Bank. Early life and business ventures Born and raised in Aberdeen, Scotland, Paterson studied at Marischal university college and emigrated to Port Elizabeth in 1841 to take up a position as a school master. Later he successfully persuaded Sir George Grey, then the Governor of the Cape Colony, to take an interest in his proposals for new boys schools and Grey made land and funding available to Paterson for their founding. He had a notoriously volatile temperament. On 7 May 1845, he secretly started his first business, the ''Eastern Province Herald'' newspaper, with his partner John R. Phillip as the official owner. As he was still contracted by the state this was an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank (historic)
The Standard Bank was a British overseas bank, which operated mainly in Africa from 1863 to 1969. It merged with the Chartered Bank in 1969 to form Standard Chartered. History The bank was incorporated in London on 15 October 1862 as Standard Bank of British South Africa. It was formed by a group of South African businessmen led by John Paterson. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank. It was prominent in financing and development of the diamond fields of Kimberley in 1867. In reflection to the growth of its branch network and expansion outside British controlled regions, the bank dropped the word "British" from its title and adopted the name Standard Bank of South Africa Limited in 1881. When gold was discovered on the Witwatersrand, the bank expanded northwards and o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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