FirstRand, Standard and even Capitec remain top stock picks, despite an expected avalanche of bad debt
It should come as little surprise that SA’s major banks have warned of grim results over the next three weeks.
Absa is the worst so far, flagging a drop of up to 97% in headline earnings per share.
Article Source: https://www.businesslive.co.za/fm/money-and-investing/2020-08-20-banks-the-covid-financial-crisis/
