FirstRand released results on Thursday.
The Money Show’s Bruce Whitfield interviewed Johan Burger, CEO Designate of FirstRand, who said it’s becoming more difficult to outperform given the high base and the increasing economic and regulatory headwinds the business faces.
Scroll down for quotes from the audio below.
It’s going to be harder to make a profit next year. GDP growth will be slower and interest rates are going to rise.— Johan Burger
There are still opportunities to grow!— Johan Burger
We don’t predict a recession in South Africa.— Johan Burger
Relative to our peers; we’re in good shape!— Johan Burger
WesBank is far more diversified than people realise.— Johan Burger
FNB has an excellent growth rate.— Johan Burger
We’re not surprised that Discovery is moving into banking. They will be a formidable competitor.— Johan Burger
Recommendedby NEWSROOM AI
FNB will become the first financial institution in South Africa to launch a mobile network.
The average township home is now worth R323 472, according to the latest FNB house price index.
FNB rules the roost, but only just. The future looks bright for Capitec Bank, which tops Absa, Standard Bank and Nedbank.
The bank will supply 10 000 discounted generators ranging in size from 2.5kVA to 7kVA.
Using a sample size of 16000 customers, Capitec and FNB appear to be South Africa's best banks, according to SAcsi
The Money Show’s Bruce Whitfield interviews Uys about his attitude toward money (hopes and fears, successes and failures, etc.).
Sobriety advocate Janet Gourand explains the differences between the social drinker and an almost alcoholic.
Two white callers, Matt and Stephanie, disagreed on how white people should respond to apartheid as Eusebius McKaiser facilitated.
Day 1 of the judicial commission of inquiry into allegations of state capture will officially begin on Monday.
"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.