David Talpert News Today

South Africas big four banks could yet receive an earnings boost this year as they reverse some of the 75.4 billion rand — roughly $5.27 billion — in impairments they took in 2020. Yet their return on equity will likely remain lackluster due to the countrys prolonged economic malaise. Nonperforming loans at the major banks — Standard Bank Group Ltd., FirstRand Ltd., Absa Group Ltd. and Nedbank Group Ltd. — have steadily increased over the past half-decade, during which unemployment hit ...

At least two of South Africa's major banks are likely to declare dividends after the central bank last week eased guidance on payouts, analysts and investors said.

At least two S.African banks likely to pay dividends after central bank eases guidance - analysts Reuters 2/23/2021 By Emma Rumney © Reuters/MIKE HUTCHINGS Customers queue to draw money from an ATM outside a branch of South Africas Standard Bank in Cape Town By Emma Rumney JOHANNESBURG (Reuters) - At least two of South Africas major banks are likely to declare dividends after the central bank last week eased guidance on payouts, analysts and investors said. The South Afr...

After reserve bank eases guidance - analysts.