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
Only 5% of South African retirement fund members will retire comfortably. Bruce Whitfield interviews advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.
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.
The annual Telkom 947 Cycle Challenge showcased pure heart as 24 000 riders took to the streets to tackle the 95km route which has been ‘flipped’ for the first time.
In the profile interview, actor and film director Akin Omotoso shares some personal experiences of his upbringing, and chats about moving from Nigeria to South Africa during Apartheid.
CEO of SA Banking Risk Information Center, Kalyani Pillay chats about the new festive season scam that's robbing people blind.
In the Current Affairs segment, satirical comedian Coconut Kelz chats about the real reason behind Malusi Gigaba's resignation.
"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…"
South Africa has a brand-new bank! The Money Show’s Bruce Whitfield interviews Adrian Gore, Discovery Group CEO.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.
Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.
Idols winner Paxton Fielies chats to Sara-Jayne King about her debut album, This Is Me.