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BA(D) 900 news?

Banks - 17 September 2020

Ingham Analytics has just released “BA(D) 900 news?” which analyses the July 2020 BA900 returns for the South African banking system. You may wish to read this in conjunction with their note in June entitled “BA900 isn’t a British Airways service to Jo’burg” which is just as relevant today – and with a forecast of what was to come. They are on record as advising to stay clear of investing in the big four South African banks even before COVID-19. Is this not the time to rethink? What about a V shaped economic recovery, are there signs in the depths of the banking system, or not?

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