Nedbank’s special R700m bad debt knock suggests a tough reporting season for other banks through unsecured lending, First Strut

Executives at all the other major SA banks are taking a very close look at Nedbank’s interims released yesterday. There were messages and challenges aplenty – not just to rivals but also those who own banking shares. Abil and Capitec are sure to face even tougher questions about the level of their provisions; FirstRand and … Read more