SBK at R323 is trading around 9x earnings with a dividend yield north of 5 per cent, which looks reasonable…by @bombay_coach on $SBK

SBK at R323 is trading around 9x earnings with a dividend yield north of 5 per cent, which looks reasonable for a big four bank exposed to stubborn local rates and credit demand. The question is whether net interest margins hold up if the Reserve Bank cuts harder than priced in o