Free Trial

SARB Highlights Govt Debt As Key Risk To Local Banks

SOUTH AFRICA
  • SARB Financial Stability report warns SA bank and insurance firms' exposure to Govt debt is a key risk to financial stability, despite being well capitalised.
  • If the planned fiscal consolidation is unsuccessful and the public sector wage bill cannot be curbed, Govt could face debt distress.
  • Also notes a sharp rise in NPLs and insurance policy lapses - BusinessDay
  • SARB forced to withdraw its circular on exchange controls after confusion as to whether the 30% limit on international investments was still in effect forced officials to suspend & review the circular - BusinessTech
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.