What impact will rising interest rates have on the South African banking sector?
South Africa Financial Services
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Interviews & Viewpoints | Mike Brown, CEO, Nedbank: Interview from The Report: South Africa 2016
The second-largest economy in Africa after Nigeria, South Africa benefits from some of the most sophisticated financial markets in the world, paired with a robust regulatory system, and is also home to the headquarters of a number of major multinational players in the fields of industry, energy and financial services.
Bucking the trend of the country’s subdued economy, South Africa’s banks have again posted solid earnings, as they continue to strengthen their position through improved risk management practices and robust capital adequacy levels.
Articles & Analysis | Banks make sense of more stringent and changing rules from The Report: South Africa 2014
After the 2008 global financial crisis, the G20 group of countries – of which South Africa is a member – saw the need to reinforce a stable financial system and asked the Basel Committee on Banking Supervision to create a new banking regulation framework.
Articles & Analysis | Banks remain healthy despite the stalling economy from The Report: South Africa 2014
With both performance and assets outstripping the continent’s other large emerging markets in Egypt, Nigeria and Morocco, South Africa’s banking sector is the biggest and most developed on the continent. The country’s largest banks have branch networks across the region and – unusually for many African institutions – they also have the ability to finance capital-heavy projects...
Articles & Analysis | Bringing services to an increasing number of people from The Report: South Africa 2014
Bank penetration increased from 67% in 2012 to 75% in 2013, with an additional 3.5m people having access to formal banking services. The rollout of the South African Social Security Agency – adding 1.9m people – spurred much of this growth. Of the 16m South Africans who receive social grants, 93% are now registered on the new social security system, which requires a bank...