Banking on another good year?
Unwinding bad debt provisions made for bumper bank earnings in2021. But 2022 could be a whole other ball game
The respite SA’s four largest banks got from an economic rebound last year may well be short-lived.
Geopolitical turmoil, a rampant oil price, soaring inflation and SA’s grindingly slow economic reforms may scupper the banks’ gains of 2021, which were due largely to a big unwinding of some very conservative Covid provisions...