To read this content please select one of the options below:

South African banking sector growth may face headwinds

Friday, December 2, 2022

Significance

This level was briefly reached in 2017, as well as during the 2008-09 global financial crisis. Interest rates are expected to rise further until inflation moves back within SARB’s 3-6% target range.

Impacts

  • The current political crisis facing President Cyril Ramaphosa could delay legislation aimed at addressing FATF concerns.
  • The rapid investment required to expand private electricity generation will depend on support from the banking sector.
  • Consumers may become beneficiaries of more competitive credit offerings as banks make more credit available.
  • The profitability of the large incumbent banks might be challenged as new entrants begin to make their presence felt.

Related articles

Expert Briefings logo
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.