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SOUTH AFRICA: SARB Flag Risks to Domestic Financial Stability

SOUTH AFRICA
EM BulletBulletEmerging Market News

Highlights from the second edition of the SARB's 2024 Financial Stability Report:

  • "Since the release of the June 2024 FSR, however, the outlook for financial stability has improved. This is largely attributable to an orderly election and the formation of the Government of National Unity (GNU), which contributed notably to stabilising the political landscape."
  • "Despite the improved financial stability outlook, a number of key risks to domestic financial stability remain."
  • "The sustained deterioration in critical infrastructure poses direct operational risks that could disrupt the functioning of the financial system. While electricity availability appears to be gradually returning to historical trends, other critical infrastructure such as the supply and quality of water as well as transport infrastructure – especially rail, port and road networks – continues to degrade"
  • "Since the release of the June 2024 FSR, which broadly coincided with South Africa’s general elections and the formation of the coalition government, investor sentiment towards South Africa has improved"

The full report can be found here.

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Highlights from the second edition of the SARB's 2024 Financial Stability Report:

  • "Since the release of the June 2024 FSR, however, the outlook for financial stability has improved. This is largely attributable to an orderly election and the formation of the Government of National Unity (GNU), which contributed notably to stabilising the political landscape."
  • "Despite the improved financial stability outlook, a number of key risks to domestic financial stability remain."
  • "The sustained deterioration in critical infrastructure poses direct operational risks that could disrupt the functioning of the financial system. While electricity availability appears to be gradually returning to historical trends, other critical infrastructure such as the supply and quality of water as well as transport infrastructure – especially rail, port and road networks – continues to degrade"
  • "Since the release of the June 2024 FSR, which broadly coincided with South Africa’s general elections and the formation of the coalition government, investor sentiment towards South Africa has improved"

The full report can be found here.