SA banks put global counterparts to shame, again
13 April 2023
The South African banking sector seems insulated from the fallout taking place on the international banking stage, for now. Yes, bank share prices ‘blipped’ lower following the collapse of US-based Signature Bank and Silicon Valley Bank (SVB); and, of course, local investors fidgeted nervously following the emergency ‘swallowing’ of Credit Suisse by UBS; but overall, your clients have little to fear. Economic growth, interest rates and the potential for another round of global financial contagion were among the topics covered during a recent investment webinar by global asset manager, Ninety One.