Ingham Analytics issues a note on South African banks entitled “Saxo’s electrifying message”

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Ingham Analytics issues a note on South African banks entitled “Saxo’s electrifying message”

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Published Date: 2020-01-08 | Source: INCE|Community | Author: Mark Ingham

Ingham Analytics issues a note on South African banks entitled “Saxo’s electrifying message”

Every December for almost two decades, Saxo Bank, a Copenhagen headquartered specialist trading and investment bank, publishes its annual "Outrageous Predictions".

For 2020, South Africa makes a rare appearance, and the prediction makes for an electrifying possibility for capital markets.

Should Saxo be proven right, or even half right, says Ingham Analytics, the implications for the bond market, government borrowing, interest rates, and the rand exchange rate would be dire and economically very painful.

The implications for the banking sector would, therefore, be equally bleak. This squares with what Ingham Analytics have been cautioning about for some time.

Click here for this must-read analysis by Ingham Analytics.


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