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

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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.

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Rand - Dollar
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19.39
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Financial 15
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