This morning Standard Bank informed Cricket South Africa (CSA) that it will not renew its agreement as the title sponsor of the South African National Men’s Cricket Team when it concludes on 30 April 2020.
Standard Bank has sponsored the National Cricket Team, and the CSA development programme through the Regional Performance Centres, for a long period. We are immensely proud of the many milestones reached.
Standard Bank Group Chief Marketing and Communications Officer, Thulani Sibeko, said the decision not to renew the sponsorship agreement was not taken lightly. Cricket is a national asset valued by millions of South Africans, many of them our clients, and is an integral part of the bank’s heritage.
“Standard Bank is committed to upholding the highest levels of leadership, integrity and governance. In light of recent developments at CSA, which are a culmination of long standing problems which have damaged Standard Bank’s reputation, it has decided not to renew its partnership with CSA.
We wish the National Cricket Team well in the years ahead. The Test, ODI and T-20 teams have made South Africans immensely proud over the years and we are grateful to have been a part of their journey,” says Thulani.
Standard Bank considers it appropriate and fair to give CSA adequate notice so that it may explore alternative sponsorships to replace Standard Bank.