As the country prepares for the economic onslaught brought about by the coronavirus, President Cyril Ramaphosa, the Reserve Bank, the Treasury and banking executives held a series of engagements at the weekend on the resilience of the financial system.

As the economic ramifications of the virus intensify it can be expected that loan defaults by corporates and households will increase, as the risk of a sudden stop to the economy grows and liquidity dries up amid a shift by companies of investments into cash. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now