Standard Bank will close more than 100 branches across the country, starting from the month of June. SB previously announced that only 91 will be closed in total with the majority of the branches located in Gauteng. However, a 17% increase on closure has now brought the total to 104 branches that will be closed in weeks to come.
This means that the closure will also affect about 1200 staff members at SB, who will lose their jobs.
SB, in a statement, said that they are aligning their retail and business banking services in order for its users to bank at any time, from anywhere. In the process of making these changes, they will be closing several branches, however, their secure digitised self-service banking channels will still be available.
In the Western Cape, branches that are set to close include Belhar, Grassy Park Mini, Hout Bay, Melkbosstrand, Mitchell’s Plain, Mutual Park, Philippi, Plumstead, Rawsonville and Strand among others. In KwaZulu-Natal, the Dales Avenue branch along with Hilton, Isipingo, Mandini, Musgrave Road, Theku Plaza, Ferry Umkomaas, Watercress, and West Street will be close.
According to the Bussiness Insider, Gauteng will be worst hit, with 49 branches due to close by as early as this month. The branches include Alberton, Arcadia, Baramall, Benmore Gardens, Bloed Street, Bracken City, Brixton, Chilli Lane, Cosmo, Dainfern Square, Daveyton , East Rand Mall,Edenvale, Ellis Park, Florida, Forest Hill, Hillcrest Boulevard Pta, Hyde Park, Industria, Irene Mall, Johannesburg, Kempton, Kwa Thema, Lambton
Lyttelton, Malvern, Melrose Arch, Menlyn, Menlyn Maine, Mogale BC, MTN, Newtown Junction, Norwood, Palm Springs, Parkview, Randburg, Randfontein, Randridge Mall, Rivonia, Rosslyn, Sandton (Alice Lane), Soshanguve Crossing, Sunward Park, Unisa, West End, Wonderboom Junction,and Woodbridge Square
The full list of branches in various provinces is available on Standard Banks website. For more information on the branch closures, call 0860 123000