Banks ‘taking a bigger hit’ than in global financial crisis
19 May 2020 - 20:18
Declines that have seen SA bank shares fall more than they did during the financial crisis a decade ago mean they are an attractive proposition even as they are set to halt dividends, according to Patrice Rassou, chief investment officer at Ashburton Investments.
Though the banks will probably not pay dividends for the next two years as they work through the worst of the pandemic’s financial fallout, they are attractive on a five-year horizon, Rassou said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.