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2020 budget – backdrop to an outrageous prediction

Banks - 1 March 2020

If you liked Ingham Analytics note date 6 January 2020 on South African banks entitled “Saxo’s electrifying message” – and many did judging by a record number of downloads - then this analysis, timed to take stock of the implications of the 2020 government budget, is a must-read too. Ingham Analytics see this budget as negative for capital markets and bank shares and succinctly explain why.

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