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@jse_tttrading how much headroom do they really have if rates stay higher for longer though?by @jse_tttrading on $NED

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TTT Trading@jse_tttrading·Bearish

NED holding up ok given the rand weakness and rate cycle we're in. Net interest margin still decent relative to the majors, and their corporate book's been resilient even with load-shedding hitting some clients. Long-term view hasn't changed, just watching if they can keep deposit costs down as the SARB finally pauses. R275.75 isn't a screaming bargain but not panic territory either.

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