South African banks are well capitalised and will rebound from the temporary shock of the coronavirus outbreak and its economic impact, which will see a short-term surge in bad loans, says asset manager Ninety One.  

While the Reserve Bank’s recommendation that SA lenders withhold payout to investors has made them a less appealing proposition, they are not particularly risky to hold, Hannes van den Berg, co-head of SA Equity at SA’s largest money manager, said in a webcast on Wednesday. ..