Best Bank for South African Rand: Standard Chartered
UK bank snares the crown as it builds African ambition
South Africa is not a country that Standard Chartered viewed as a core focus until about two years ago, when it set about developing a strategy to become the dominant FX bank on the African continent.
Things have changed a lot since and the bank's concerted efforts aimed at clinching the crown as the best market-maker for the South African rand have reaped rewards.
"It's a fantastic win for the bank and it is a clear reflection of our strategic efforts in Africa – a core region in our footprint
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