PwC lauds SA’s major banks for their robust performance amid turbulence
Outlook for the rest of 2023 expected to remain challenging as economic conditions weigh on confidence
SA’s major banks continued to demonstrate resilience in challenging operating conditions and a turbulent macroeconomic environment in 2023, traversing familiar themes of uncertainty and market turbulence, according to PwC.
Domestic banks faced elevated inflation levels and interest rates, complex geopolitics, slow growth and volatile financial markets, which in combination created an operating backdrop more challenging than was anticipated at the start of the year...
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