SA’s major banks report a combined headline earnings growth of 5.9% against FY23 to R119bn, combined ROE of 17.5% (FY23:

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GUEST- Rivaan Roopnarain, PwC South Africa Banking and Capital Markets Partner.
The year 2024 was a turbulent period for global and regional economies, marked by heightened uncertainty, geopolitical tensions and shifting trade dynamics. Nearly half the
world’s population participated in elections, creating a ripple effect of political and economic unpredictability. Global inflation moderated but remained high in many emerging markets, delaying anti Owen Nkomo – CEO of Inkunzi Wealth Group cipated interest rate cuts, placing strain on fiscal positions in several developing economies and complicating economic recovery efforts.
In sub-Saharan Africa, the combined impact of persistent socio-economic challenges, adverse weather patterns, volatile commodity prices and fiscal challenges continued to strain economies, while currency volatility and inflationary pressures persisted.
17 Mar 2025 2PM English South Africa Business News · Investing

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