Debt provisions slash banks' earnings
30 August 2020 - 00:01
It seemed like a bloodbath. Standard Bank's first-half headline earnings fell 44%; Absa's declined 82%; Nedbank's were down 69%. Yet surprisingly, perhaps, all three emphasised their resilience and profitability — and in many ways that was true...
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.