Banking on dividends

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Nedbank was the first out of the blocks yesterday with an eye-catching 81% increase in its dividends as all eyes are on local bank earnings this month.
Retail credit applications rejections are at an all-time high amidst historically high application levels. SA Banks are likely to continue to focus on originating secured credit considering stable asset prices in the residential housing market and increasing risks to unsecured credit portfolios as interest rates increase ahead of expectations.
Capital is not an issue for SA banks. Confidence and growth (or the lack thereof) are!

Michael Avery is joined by Nolwandle Mthombeni, Senior Banks Analyst at Intellidex & David Buckham, MD at Monacle
11 Aug 2022 8AM English South Africa Business · Business News

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