Nedbank Group hasn't yet been more specific since saying on May 22 that its first-half profit will be more than 20% lower, while Capitec Bank expects its earnings to decline at least 70% for the six months through August. Investors are likely to care less about what's happened and will be more focused on trying to understand how well banks are positioned to recover, said Jan Meintjes, a portfolio manager at Denker Capital in Cape Town. Any positive outlook for 2021 or 2022 will help to boost share prices, he said.