Ep 64: Solid Growth Amidst Uncertainty: SA Banks' Key Takeaways for FY24 - Rivaan Roopnarain & Francois Prinsloo
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Ep 64: Solid Growth Amidst Uncertainty: SA Banks' Key Takeaways for FY24 - Rivaan Roopnarain & Francois Prinsloo
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Despite a challenging economic backdrop in South Africa, the country's major banks again displayed impressive resilience in FY2024. This week, Michael Avery sat down with PwC Africa experts Rivaan Roopnarain, Banking and Capital Markets Partner, and Francois Prinsloo, Banking and Capital Markets Leader, who highlighted that the banks' performance stemmed from balance sheet growth, rising income, and pan-African contributions, alongside improved returns and asset quality. Looking ahead, the experts discussed the banks' ongoing strategic focus on technology investment, skills development, ESG, and sustainable finance integration.
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