SA faces risk of further deterioration of banks’ creditworthiness, says Reserve Bank
The government could face debt distress with adverse implications for the broader economy, the SA Reserve Bank says
24 November 2020 - 13:16
The deep ties that bind SA’s banks and insurers to the government is a key risk to the country’s financial stability, according to the SA Reserve Bank.
“If the planned fiscal consolidation is unsuccessful, government could face debt distress with adverse implications for the broader economy,” the central bank said in a financial stability review report on Tuesday...
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