South African Banks
Well-positioned despite
Global Uncertainty
THE FINANCIAL RESULTS of South Africa’s four major
banks (Absa, FirstRand, Nedbank and Standard Bank)
for the six months ended 31 December 2011 are a positive
reflection of the financial health of the industry, according to professional services firm PwC’s South Africa
Major Banks Analysis Report.
‘Although the banks may have experienced tough
operating conditions at the start of the global financial
crisis when Sou Y