Nedbank: banking sector shows recovery signs

Nedbank's latest report reflects that the banking sector is showing recovery signs. The entity has reported an 8% rise in headline earnings due to fewer impairment charges amid muted income growth and poor loan growth. Household credit growth dropped by 3% as consumers spend more than 60% of their income on debt repayment. Nedbank CEO Jason Quinn expands. Tune into Newzroom Afrika DStv channel 405 for more.