Banking on the capital base
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In August, three of the big SA banks reported results. While the sector showed good earnings growth in line with the economic recovery, some stress on households began to emerge.
Additionally, banks must take on increased interchange fees from Visa and Mastercard.
Competition is also heating up to service both small businesses and consumers. Banks are now fighting off insurers, retailers and telcos for a share of wallet.
There’s been a flurry of M&A activity.
To talk about this Michael Avery is joined by Nolwandle Mthombeni, Senior Banks Analyst at Intellidex and David Buckham, MD of Monocle Solutions
To talk about this Michael Avery is joined by Nolwandle Mthombeni, Senior Banks Analyst at Intellidex and David Buckham, MD of Monocle Solutions
