Standard Bank CEO Sim Tshabalala warns Temu and Shein could wipe out South Africa's manufacturing sector
Billionaires Africa | 12.08.2026 01:44
Sim Tshabalala, chief executive officer of Standard Bank Group, Africa's largest bank by assets, has issued a blunt warning: South Africa risks watching its remaining manufacturing industries collapse under a wave of cheap Chinese imports unless the country builds its own production capacity and starts negotiating harder deals with foreign partners.
