Major banks analysis

Loading player...
Combined headline earnings of R86.8bn increased 99% against FY20, combined ROE of 15.9% (FY20: 8.3%), net interest margin of 408 bps (FY20: 387 bps), credit loss ratio of 74 bps (FY20: 180 bps), cost-to-income ratio of 55.8% (FY20: 56.4%)

As the books closed for 2021, the operating environment that contextualised the period was in some ways more familiar. While 2020 began with a brief period of normality, the COVID-19 pandemic dominated the entirety of 2021. Learnings from navigating the extreme uncertainty during earlier phases of the pandemic - coupled with shifts to new ways of working and delivering financial services - aided the major banks’ abilities to navigate 2021 with a focus on stability, innovation and digitally-led operational excellence. Against more supportive conditions, the major banks delivered strong results on the back of a rebound in economic activity, increased client engagement levels and gains made through the execution of their digitally-centric strategies.
15 Mar 2022 5AM English South Africa Business News · Investing

Other recent episodes

From Farm to Fork: The Real Cost of Higher Rates

The Reserve Bank's latest interest rate increase could have implications far beyond the financial markets. Brendan Jacobs, Head of Agribusiness at Standard Bank South Africa, explores what rising borrowing costs, volatile energy prices and looming weather risks mean for farmers, food production and ultimately the prices South Africans pay at…
28 Sep 1PM 13 min

Careers Corner: Can South Africa's Digital Economy Create a Million Jobs?

As South Africa targets one million new jobs by 2030, the ICT sector is expected to play a critical role. Dr Jannie Zaaiman, CEO of SAICTA, joins Kaya Biz to discuss the launch of a new industry-focused jobs portal, the demand for future-ready skills such as AI and automation, and…
28 Sep 1PM 18 min

Balwin Delists: The Next Chapter Beyond the JSE

After nearly 11 years on the JSE, Balwin Properties has officially gone private through a R2.26 billion transaction backed by the Public Investment Corporation and founder management. CEO Steve Brookes joins Gugulethu Mfuphi to unpack the rationale behind the move, what private ownership unlocks for the residential developer, and what…
28 Sep 11AM 11 min

AGOA Extended: Certainty or Illusion?

The US has extended the African Growth and Opportunity Act (AGOA) to 2028, stabilising duty‑free access for African exporters. But is this really a win, or just temporary certainty? Oxford Economic’s Jervin Naidoo explains what the extension means for South Africa’s auto industry, Kenya’s textiles, and Africa’s trade outlook in…
24 Sep 1PM 19 min

Your Retirement, Your Rules: ETFSA’s Starter Pack Explained

Retirement planning doesn’t need to be intimidating. Suzan Ramotshabi breaks down the biggest barriers stopping South Africans from investing, including Black Tax and fear of making mistakes. She explains how the Starter Pack works, additional ETFSA solutions, and the one step listeners can take today to begin their retirement journey…
23 Sep 1PM 22 min