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Nolwandle Mthombeni | Why SA's banks are still worth betting on

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Nolwandle Mthombeni
Nolwandle Mthombeni

The financial sector on the JSE has no doubt been a disappointment as far as returns go. Not only has it underperformed other sectors year-to-date, but also on a five-year total return basis.

Much of that underperformance can be attributed to the disastrous sell-off in the property sector.

That said, the banking sector has also been a laggard this year. And even though this may continue until the end of this calendar year, our banks are still a horse I would bet my money on.

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Rand - Dollar
18.27
+0.7%
Rand - Pound
23.18
-0.1%
Rand - Euro
19.88
+0.1%
Rand - Aus dollar
12.23
-0.3%
Rand - Yen
0.12
-0.3%
Platinum
1,067.38
+2.8%
Palladium
1,012.11
+2.9%
Gold
2,388.10
+1.3%
Silver
29.70
+3.8%
Brent-ruolie
82.38
-1.2%
Top 40
73,142
+1.1%
All Share
79,362
+0.9%
Resource 10
62,869
+0.7%
Industrial 25
111,377
+0.8%
Financial 15
17,074
+1.5%
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