Standard Bank says the majority of the branches that will be closed are based in Gauteng. The bank.....

Standard Bank says the majority of the branches that will be closed are based in Gauteng. The bank announced that it will close 91 branches nationally. The move will result in more than one-thousand jobs being lost. The bank says

it has already concluded consultations with labour unions. CEO of Personal & Business Banking at Standard Bank, Funeka Montjane says, "Most of the branches will be in the metro area. The decision was made on the basis of understanding that most of our customers are not going to branches every week or quarterly. As a result, it doesn't make sense to have branches within one or two kilometres from one another."

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