Reuters. FILE PHOTO: A customer uses an ATM outside a branch of South Africa's First National Bank (FNB) at a mall in Soweto, South Africa, December 13, 2023.

South African banks' two years of consensus EPS upgrades could reverse as political uncertainty around the upcoming presidential election compounds weak economic conditions.

South Africa’s banks are some of the country’s biggest and best-paying employers. Even on the lower end, Capitec employs over 16,600 people. Standard Bank employs over 50,000 ...

South African banks report their half-year earnings from Tuesday, with the focus on whether credit impairments have peaked and on the interest rate outlook, with rates expected to fall in ...