Say buddy, can you spare a dime?
In a 3,000-word Insight entitled “Say buddy, can you spare a dime?” Ingham Analytics analyses the banking sector in the context of the recently announced COVID-19 loan guarantee scheme. Are there pitfalls? If you’re considering making an application through a bank, you’d benefit from reading what they have to say first. For banks, they say the scheme poses little direct risk, but it adds to their indirect risk and explain why. Ingham Analytics caution that South African sovereign debt is increasingly priced for default – how does that impact the banking sector? There are informative charts too. Whether you are a shareholder or a customer these are things you need to know. Do you buy beaten down bank shares or stay clear? What about if you are a trader, is the volatility advantageous?
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