Kuben Naidoo, the SARB deputy governor and CEO of the Prudential Authority – has cautioned the banking industry to tread carefully as it juggles the positive effects of higher economic growth associated with the vaccine rollout, because another economic downturn is still possible. Intellidex’s Dr Stuart Theobald said that banks will be cautious to signal that there are still a lot of uncertainties so they will likely not declare dividends at the same levels as their historical dividend policies.

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