From the propagation of Bell Pottinger's white monopoly capital narrative to the new public protector's "CIEX report", political mischief and fake news have been tough on all the country's banks - but Absa has taken the hardest beating. According to the findings of the 2017 South African Banking sentiment index, compiled by BrandsEye, consumers were mostly disgruntled by the controversy around the bank's purchase of Bankorp, demanding that it pay back the money the Reserve Bank had used to bail out the ailing apartheid-era bank. The analysis, based on a sample of more than 1.8 million social media posts from about 500000 unique authors between September 2016 and August this year, showed Absa was the worst performer with a net sentiment of -24.5%. The posts were distributed to a proprietary crowd of vetted and trained local language speakers before being coded and verified by multiple crowd members, who assessed the sentiments of the posts.Capitec had the highest net sentiment with 1...
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