Over two years the banks have significantly outperformed. But if you extend that beyond two years, it’s a different picture – Denker Capital banking analyst Craig Metherell.
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Bank dividend talk still a non-starter for the Prudential Authority africaleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africaleader.com Daily Mail and Mail on Sunday newspapers.
Bank Dividend Talk Still a Non-Starter for South Africa Watchdog
Roxanne Henderson, Bloomberg News Skyscraper office buildings in the Sandton area stand on the skyline beyond residential housing in the Alexandra township in Johannesburg, South Africa, on Thursday, June 11, 2020. The near-decade of mismanagement and corruption under former President Jacob Zuma combined with the coronavirus outbreak and loss of South Africaâs investment-grade rating have left the economy in its worst state in the democratic era. Photographer: Waldo Swiegers/Bloomberg , Bloomberg
(Bloomberg) South Africaâs banking regulator isnât even ready to consider withdrawing its advice that no dividend payouts be made, unlike counterparts in Europe, as a second coronavirus wave stirs uncertainty over the economyâs outlook.