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South African banks say they have to keep funding at least some coal projects for now because an immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels.
An immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels.
CLIMATE-CHANGE/SAFRICA-BANKS (PIX):S.Africa's banks say they can't cut off funding for coal just yet
MONEYWEB app instead? But some customers require extended payment relief, with R10bn in retail loan relief rolled over since September. By Moneyweb 5 Mar 2021 00:01 Group is expecting a 'lag effect' of rising arrears in the coming months. Image: Moneyweb FirstRand has extended the payment relief offered to many of its customers in âcertain industriesâ and those who are self-employed as the effects of the Covid-19 pandemic and lockdowns continue to hamper their ability to service their debts. This is across the groupâs âretail, commercial and corporate segmentsâ...
FirstRand has reported a 21% decline in mornalised earnings but they are still more than tripled what the company recorded in the six months to June 2020. Photo: FirstRand FirstRand published its financial results for the six months ended in December 2020, showing a 21% decline in earnings. However, normalised earnings for the six months to December more than tripled what the company recorded in the six months to June 2020. Some customers are however still battling to repay their loans after the payment holidays. FNB's parent company FirstRand has reported a 21% decline in...