Standard Bank IT bill tops R14-billion as software spending shifts

Standard Bank Group spent R14.1-billion on cloud, software and technology in 2025, an 8.7% year-on-year increase that outpaced overall cost growth of 4.7%. A notable shift is underway: capital expenditure on internally developed software fell 28% while recurring cloud and subscription expenses surged by over R1.1-billion, signaling a move from large capitalised software projects toward consumption-based cloud models. The group also extended the useful life of its SA Core Banking system from 3.5 to 6.5 years, reducing amortisation charges by R339-million. Technology now represents roughly 14% of total operating expenditure, with personal and private banking accounting for the largest share at R6.59-billion.