Which banks will prosper as Reserve Bank cuts interest rates?
Sanlam Private Wealth backs FirstRand’s ‘high-quality’ loan book
20 November 2024 - 05:00
Sanlam Private Wealth has backed SA’s most valuable banking group, FirstRand, to fare better than rivals due to the quality of its loan book as the SA Reserve Bank starts cutting interest rates.
That has seen lenders over the past few years report record profits due to the endowment effect of the cost of credit...
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