Public Bank’s Post

If you are a Business Owners, this is coming to an Income Statement near you... "Nedbank CEO Mike Brown has flagged SA’s high public debt as one of the factors driving up the country’s risk premium and increasing borrowing costs across the economy" "the bank had to hike provisions for bad debts by 57%" "its results are a sign of things to come from its competitors. All are expected to report higher levels of arrears and bad debts as consumers and businesses come under pressure from higher interest rates, and a weak economy and load-shedding take their toll" "Nedbank sees economic growth of 0.3% this year and 1% next year" https://lnkd.in/eP3xeQ-e #business #leadership #innovation #future #BusinessOwners #businessadvice #TABBoards

https://lnkd.in/d74Z_FWp John Gachora captures the nuts and bolts of Kenya's economy and FY' 2023 banking industry performance quite well. Who wíll gain & who will lose in 2024?

The number of community banks that are not meeting the capital conservation buffer minimum requirement has grown. This buffer minimum requirement helps banks during periods of stress. You can fine more information in our bulletin here: https://bit.ly/3ONlL5B #CommunityBanks #Banks #Banking #Finance #FinancialServices

If you like my posts, please share... More Canadians Defaulting! Savings GONE! Credit Card Debt EXPLODING! 175,000 more Canadians missed payments in Q1. This is not a good sign for the economy heading into a potential financial depression. Canada is in big trouble as the housing market and debt bubble surrounding it begins to burst https://lnkd.in/gw8gct5K To learn how to protect your wealth ad the Canadian Economy heads into a deep recession, call me at (604) 855-6846 or book a complimentary Zoom call at: https://lnkd.in/gQv-Du9v In my book Who's Investing Your Money? I predicted the 2000 Stock Market Bubble and the 2008 Housing and Stock Market Bubbles and what I did to protect my clients. When you read my book, you will discover that much of what I have predicted in my book in 2018 is unfolding today. Download your FREE copy here: https://lnkd.in/gYfsyWmH Download "Who's Investing Your Money Brochure here: https://lnkd.in/gxKV93xw Are you concerned about what is going on in the markets? Is your advisor giving you sound advice about protecting your wealth from today's economic uncertainty? To help you make informed decisions about your wealth, we publish a Weekly Market Update & Outlook. We gather information from independent experts and researchers who provide alternate insights into the markets and global economies. Our information will help you make informed decisions to protect YOUR wealth. To receive your FREE weekly newsletter, subscribe here: https://lnkd.in/d4du3eYh Check out past issues: https://lnkd.in/gvnzYJ-q #investing #stockmarket #money #markets #housing #economy

#Morocco saw a significant surge in the payment defaults of nonfinancial companies at the end of 2022, raising concerns about the financial health of the sector. The #corporate #default rate refers to the percentage of companies borrowing money that fail to meet their debt obligations within a specified period of time. Defaults soared by 6.7%, reaching a staggering total of MAD 65 billion ($6.6 billion). This alarming increase has raised questions about the stability and resilience of businesses amid economic challenges, according to a joint report from the country’s central bank, Bank Al-Maghrib (#BAM), and the capital market watchdog #AMMC.

Fixing Australia's housing undersupply needs a coordinated effort from many sectors to address the network of socio-economic factors driving the crisis. As big banks struggle to expand their funding capacity further, non-bank lenders may step in to fill the funding gap. Read David Giles' thoughts on the topic here: https://buff.ly/44jffJq #bigbanks #housingcrisis #property