Investment views
FirstRand
November 2024 · 1 min read
Our equity and multi-asset funds have a sizeable position in the banks which we expect to benefit from a much-improved SA outlook. Banks should see falling credit losses in their retail loan books as the cost of living subsides and real incomes grow. Improved affordability should support growing credit extension. We also expect an uptick in corporate advances on the back of improving confidence (although higher capacity utilisation is required to support this investment).