Share prices of big four institutions have been pummelled since the onset of the pandemic
Declines that have seen SA bank shares fall more than they did during the financial crisis a decade ago mean they are an attractive proposition even as they are set to halt dividends, according to Patrice Rassou, chief investment officer at Ashburton Investment.
Though the banks will probably not pay dividends for the next two years as they work through the worst of the pandemic’s financial fallout, they are attractive on a five-year horizon, Rassou said in a research note.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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