Africa’s underdeveloped economies and financial sectors have proved a barrier for central banks implementing monetary policy and prudential regulation. But recent years have seen significant progress, thanks in no small part to central banks’ growing independence from governments.
Latest articles from South Africa
Sim Tshabalala, the recently appointed co-chief executive of South Africa’s Standard Bank, tells Paul Wallace about his plans to grow in Africa and connect the region to the world’s investors. He also explains why replacing Jacko Maree with joint CEOs was the right decision.
South Africa's lenders still dominate Africa's banking landscape, but their sluggish 2012 means that the rest are making up ground.
The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. South Africa-based Capitec has been selected for the exponential growth it has achieved in its lending portfolio over the past few years.
South Africa’s banks are among the world’s best regulated, and though a sluggish economy is straining revenue growth, expansion in to the rest of Africa and a rapid increase in unsecured lending are providing some respite.
South Africa’s capital markets have been resilient amid a surge of negative news emanating from the country following the killing of 34 miners in August. But many bankers say the situation could deteriorate quickly if economic growth does not pick up or if labour unrest is not calmed.
In the past three years, South Africa’s economy has struggled. Its growth is slower than that of many other African countries, and the shooting of 34 miners in August exposed a simmering tension that exists within its boundaries. Yet while there is no quick fix, investors remain attracted by the strength of the country's institutions.
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