South African banks’ balance sheets surge
The South African banking sector has already experienced tumultuous impacts from the COVID-19 lockdown fallout, with dramatic volatility in the currency market and derivatives markets reflecting panic. The question is can South African banks weather liquidity challenges? What about future loan losses? Should you as a customer or shareholder be worried? Can traders profit form short term market gyrations that have sent bank share prices down sharply? Andrew Kinsey, top trader gives his insights in the latest Ingham Analytics note “South African banks’ balance sheets surge”, which paints an interesting picture of how dramatically different the collective balance sheet looked at the end of March compared with February.
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