Insights
The Lesser Evil: why the SARB needs to cut interest rates
Recently, I attended a global financials conference where I had the opportunity to meet with leaders from both listed and unlisted UK financial institutions. The event was filled with many intriguing anecdotes, such as how the introduction of deposit insurance[1] (recently introduced in South Africa) has stimulated the emergence of challenger banks like UK-based Starling Bank. This newfound confidence boost has also fuelled lending activity in the UK mortgage market, especially in the buy-to-let segment. During our discussions, we engaged with several mid-tier banks and financial institutions primarily focused on the buy-to-let market.
5th September 2024