SA’s big banks will help increase the proficiency of the state for both the sector’s and the national interest, the Banking Association SA (Basa) says.

This comes after the local financial services sector faces greater exposure to government debt as foreign appetite for SA’s government bonds wanes. The Reserve Bank has warned that a “high level of exposure to government debt by financial institutions represents a potential vulnerability”...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.