With a long-established track record as the continent’s largest financial platform and one of the world’s biggest mining producers, South Africa has significant economic clout in the region.
South Africa Financial Services
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The South African insurance industry is a regional giant, with nearly 80% of all direct premiums in Africa. The market is split into two regulated segments with separate legal frameworks and different representative bodies. The global financial crisis of 2008-09 had a deleterious effect on South African insurers. Both the long- and short-term segments faced internal challenges, such as lower...
Chapter | Capital Markets from The Report: South Africa 2012
This section includes information about the Johannesburg Stock Exchange (JSE), which occupies a prominent position in South Africa’s economic landscape. Today the JSE is recognised as one of the world’s leading exchanges connecting buyers and sellers in five different financial markets, namely, equities, equity derivatives, commodity derivatives, currency derivatives and interest rate products....
This chapter outlines how South Africa’s well-capitalised banks have weathered the global economic crisis with aplomb, largely thanks to a robust regulatory environment. Rising competition and efforts to engage the large unbanked population have also helped the sector recover from the effects of the global downturn. At the close of 2011, the sector comprised 17 registered banks, two mutual banks...
South Africa lies on the southern tip of Africa, occupying 1.22m sq km with some 2800 km of coastline along the Atlantic and Indian Oceans. The so-called “Rainbow Nation” has a population of around 50.5m and is a melting pot of ethnicities, cultures and languages that reflect its rich and tumultuous history.
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