‘Banks runway from here is dependent on SA’s economic recovery’ - Kokkie Kooyman talks Nedbank, Quilter and Bank Zero

Denker Capital’s banking oracle Kokkie Kooyman is the go to man when it comes to the financial services industry, on a day that South Africa’s fifth largest bank by market capitalisation Nedbank released its interim results. Nedbank, along with all the major banks, have enjoyed a great run over the last twelve months or so as one of the industries most affected by the onset of the coronavirus pandemic. Business and consumer confidence has recovered somewhat, but Kooyman believes this is key to enable the banks to continue the momentum of the past year despite the lenders being ‘cheap’ on a fundamental basis. BizNews founder Alec Hogg and Kokkie also touch on Quilter’s interim results (ex-Old Mutual Asset Management) and the new talking point within the South African financial services space, Michael Jordaan’s baby - Bank Zero. Learn more about your ad choices. Visit megaphone.fm/adchoices