The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
Sunny. Cool.
The Big Four banks grew earnings by 2.1% in the 2019 financial year, noticeably below the 8.7% they achieved in 2018.
As transactional revenues come under pressure, another big area of growth for FNB will be insurance and investment revenues as customers are shopping around for better prices.
The latest FNB House Price Index shows that pressure persists in more affluent areas, while low-income areas have remained resilient.
According to Solidarity’s 10th annual bank charges report released on Tuesday, banks are now offering better benefits to their customers at lower prices to protect their market share, following fierce competition launched in the banking sector this year.
Banking union Sasbo has been interdicted from proceeding with what would have been the biggest banking strike in 99 years.
Lynette Ntuli is the founding director and CEO of Innate Investment Solutions, which provides property and infrastructure development services as well as enterprise asset management solutions.
FNB economist Siphamandla Mkhwanazi breaks down the sub-regional data for Cape Town suburbs in terms of house price growth.
Financial powerhouses WesBank and First National Bank (FNB) are joining forces to to conduct a Fuel Economy Tour of South Africa that they say "will provide motorists with definitive fuel consumption figures."
Consumer spending can likely not be the driving force anymore of the outperformance of retail property over industrial property and office space, says John Loos of FNB Commercial Property Finance.
The percentage of residential properties being sold in SA because the owners are downscaling due to financial pressure, has increased, says FNB.
The market expected a slowdown in mining production but it surprised on the upside, increasing by 7.5% year-on-year in January 2020 as iron ore production surged 27.9% and platinum group metals production increased by 10.2%.
With the SA economy expected to grow at less than 1%, this would be insufficient to curb an increase in the vacancy rate of commercial property and to prop up real property values at recent levels, according to John Loos, property sector strategist at FNB.
First it was price. But now banks want to outdo their peers in digital capabilities.
A RMB Holdings and Remgro announcement opened the door for a suitor.
Business Unity South Africa, representing SA's major banks, has filed a court application to interdict a planned bank strike.
Research indicates that women entrepreneurs are looking for platforms and places to connect with markets, and with each other on a business-to-business level.
Emigration sales have intensified in Cape Town and foreign buyers play a less prominent role in the Mother City's residential property market, FNB research shows.
Buy-to-let home buying is stabilising, although at lower levels, according to the latest FNB Estate Agent Survey for the second quarter of 2019.
Public Protector Busisiwe Mkhwebane's personal bank account is currently under investigation by First National Bank for possible exchange control violations.
Activity in the residential property market has picked up after the elections, although not enough to counteract the decline in the months before, according to the FNB Property Barometer.
Cape Town Southern SuburbsLiberty Financial Advisers
Cape TownTumaini ConsultingR600 000.00 - R800 000.00 Per Year
Houses R 4 800 000
Houses R 3 700 000
Houses R 2 650 000
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