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Standard Bank Group knows that investing in ambitious young people like you now, will lead to a brighter future for Africa. And Standard Bank Group Internship programme lets us do just that. If you’d like to progress your education further, get some meaningful work experience – and find new ways to make your dreams possible with a specialist qualification – then we’d love to invest in you.
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. The word “British” was dropped from the title in 1883. When gold was discovered on the Witwatersrand, the bank expanded northwards and on 11 October 1886 the bank started doing business in a tent at Ferreira’s Camp (later to be called Johannesburg), thus becoming the first bank to open a branch on the Witwatersrand gold fields. On 1 November 1901 a second branch was opened in Eloff Street of Johannesburg.
In March 2019, Standard became the first bank in Africa to shift its operations onto Amazon Web Services.
In March 2019, the bank announced a reduction of 91 branches and 1200 staff. The decision was taken due to a growing use of self-service channels and a branch network becoming less relevant.
Interns earn a monthly stipend rather than a salary. This is an allowance which enables you to travel to and from the workplace or training institution, is in line with The National Minimum Wage Act 9 of 2018 (NMWA), and is determined by the cost and complexity of the programme.
Benefits of the Standard Bank Group Internship Programme
You can choose from a number of market-leading internships, offering between 12 to 24 months’ fixed term employment. You’ll receive a monthly stipend, plus invaluable coaching and mentoring while you’re studying for your qualification.
- Fixed-term employment Standard Bank Group for 12/18/24 months
- Monthly stipend
- Performance rewards and benefits
- Certification specific to the skills being built on the program
- Practical meaningful workplace experience
Application Deadline: June 30th, 2022