Local banks deliver upbeat results

South African banks have recorded a strong earnings season, benefitting from rising interest rates. This has assisted major banks like Capitec, Nedbank, Absa, Standard Bank and FNB – which is owned by FirstRand – deliver upbeat profits and hefty payouts. Business Day TV discussed whether these earnings are sustainable going forward with Senior Equity Analyst at Ashburton Investments, Daniel Masvosvere.