Black investors hoping to get a piece of Standard Bank should forget about it. After the sale of 20% of the bank in 2007 to the Industrial & Commercial Bank of China, the firm's CEO Jack Maree has said no more. The bank is taking the stance of once empowered, always empowered. But again, the institution is mixing with the big boys. In 2004, it secured two political heavyweights Cyril Ramaphosa and Saki Macozoma as its BEE partners. I t sold 10% to Tutuwa Consortium, which comprises Ramaphosa's Shanduka and Macozoma's Safika. Other beneficiaries include Standard Bank's black managers. In 2007 it sold its 45% in educational finance company Edu-Loan to black-owned investment company Circle Capital Ventures.
