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Banking on another good year?

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The unwinding of bad debt provisions was a huge kicker for banks in 2021. What will the new year herald?

The respite SA’s four largest banks got from an economic rebound last year may well be short-lived.

Geopolitical turmoil, a rampant oil price, soaring inflation and SA’s grindingly slow economic reforms may scupper the banks’ gains of 2021, which were due largely to a big unwinding of some very conservative Covid provisions...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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