SA financial sector under strain but can handle Covid-19 shock, says Reserve Bank
27 May 2020 - 19:14
The financial sector is resilient enough to overcome the economic shock posed by Covid-19 that has already prompted the country’s banks to restructure loans and introduce payment holidays to help embattled customers, says the SA Reserve Bank.
The sector is under stress and the Bank warned that it is expecting non-performing loans held by banks and other financial intermediaries to rise in the coming months...
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