Investec has four black board members including two women, out of only seven board members.
It added that the service was recently expanded to FNB and RMB Private Bank, and will be made available to Investec and Discovery Bank customers soon.
Meanwhile, Investec rider Cherise Willeit claimed the women’s title after a tough day in the saddle.
Annabel Bishop, the chief economist at Investec said higher inflation is likely this year from the second quarter, with Nersa's decision lifting the trajectory along with higher rand oil prices.
“Although not as steep as anticipated, the increase will still put further pressure on the already constrained consumer, with job cuts a possibility as electricity-intensive industries struggle to cope with elevated input costs,” Investec economist Lara Hodes said in a note.
Bidvest, Investec, and Nedbank round out the top five banks ranked by Forbes, with two of the country’s largest banks, Absa, and Standard Bank not featuring.
Investec chief economist Annabel Bishop said as pre-Budget jitters had been wiped out by deeper analysis showing the government’s finance figures do not argue for an immediate credit rating downgrade.
“This announcement provides opportunity for Bulyanhulu to be restarted and some value to be recreated within the company,” said Investec analyst Hunter Hill coat, referring to a mine where Acacia lowered operations due to the export ban.
According to Ted Blom Eskom has cost us R1.4 trillion pic.twitter.com/LWgTV0T0Qb — LeMondZüid🇿🇦🇩🇪 (@LeMondZuid) December 10, 2018 Load shedding could cost South Africa “half of its GDP” Elsewhere, Investec’s Annabel Bishop shared a very glum prediction with the Sunday Times recently.
And, speaking to the Sunday Times, Annabel Bishop, chief economist at Investec, said that there were a number of reasons why analysts are growing increasingly cautious of the state-owned enterprise.