SA’s major banks report a combined headline earnings growth of 5.9% against FY23 to R119bn, combined ROE of 17.5% (FY23:
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GUEST- Rivaan Roopnarain, PwC South Africa Banking and Capital Markets Partner.
The year 2024 was a turbulent period for global and regional economies, marked by heightened uncertainty, geopolitical tensions and shifting trade dynamics. Nearly half the
world’s population participated in elections, creating a ripple effect of political and economic unpredictability. Global inflation moderated but remained high in many emerging markets, delaying anti Owen Nkomo – CEO of Inkunzi Wealth Group cipated interest rate cuts, placing strain on fiscal positions in several developing economies and complicating economic recovery efforts.
In sub-Saharan Africa, the combined impact of persistent socio-economic challenges, adverse weather patterns, volatile commodity prices and fiscal challenges continued to strain economies, while currency volatility and inflationary pressures persisted.
The year 2024 was a turbulent period for global and regional economies, marked by heightened uncertainty, geopolitical tensions and shifting trade dynamics. Nearly half the
world’s population participated in elections, creating a ripple effect of political and economic unpredictability. Global inflation moderated but remained high in many emerging markets, delaying anti Owen Nkomo – CEO of Inkunzi Wealth Group cipated interest rate cuts, placing strain on fiscal positions in several developing economies and complicating economic recovery efforts.
In sub-Saharan Africa, the combined impact of persistent socio-economic challenges, adverse weather patterns, volatile commodity prices and fiscal challenges continued to strain economies, while currency volatility and inflationary pressures persisted.