Banking: Ten years on, ICBC Standard deal starts to show its worth

Jacko Maree was puzzled. The chief executive of Standard Bank, Africa’s biggest, was attending the annual meeting of the African Development Bank in Shanghai in May 2007. Two things perplexed him, the first of them being what exactly the annual meeting of the African Development Bank was doing in Shanghai. The second was the sheer number of Chinese businessmen coming to ask him how to do business in Africa.