Nolwandle Mthombeni | Why SA's banks are still worth betting on

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Nolwandle Mthombeni
Nolwandle Mthombeni

The financial sector on the JSE has no doubt been a disappointment as far as returns go. Not only has it underperformed other sectors year-to-date, but also on a five-year total return basis.

Much of that underperformance can be attributed to the disastrous sell-off in the property sector.

That said, the banking sector has also been a laggard this year. And even though this may continue until the end of this calendar year, our banks are still a horse I would bet my money on.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.85
-1.1%
Rand - Pound
20.42
-0.9%
Rand - Euro
17.48
-1.1%
Rand - Aus dollar
10.94
-0.8%
Rand - Yen
0.13
-0.7%
Gold
1,801.87
-0.3%
Silver
25.20
-0.9%
Palladium
2,676.37
-1.7%
Platinum
1,066.49
-2.6%
Brent Crude
73.79
+2.2%
Top 40
61,933
+1.0%
All Share
68,064
+1.0%
Resource 10
66,904
+1.5%
Industrial 25
89,442
+0.7%
Financial 15
12,820
+1.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
In light of the recent looting, do you think a basic income grant is the right approach to deal with SA’s hunger and poverty problems?
Please select an option Oops! Something went wrong, please try again later.
Results
It will go a long way in helping fight the symptoms of SA’s entrenched inequality, especially for those who are starving right now
20% - 1270 votes
SA’s problems are complex, and we instead need to spend that money on building and growing our economy, which will help the country in the long run
31% - 2017 votes
All grants are a problem as they foster a reliance on handouts
49% - 3186 votes
Vote