Lender Absa says its loan losses will likely remain above its target range this year, due to expected elevated first half credit impairments as consumers feel the burden of higher interest rates and inflation. The bank expects its credit loss ratio to be similar to the 2023 first half, although the second half of 2024 is likely to improve as interest rates start to come down. A credit loss ratio is a measure of bad loans versus total loans. SABC Markets Presenter, Nastassia Arendse spoke to CEO Arrie Rautenbach for more
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