TIISETSO MOTSOENENG: The case for climate-resilient banking
Climate change is reshaping our world, but SA banks continue to navigate with outdated maps
By any measure, R1-trillion is a substantial sum. Whether viewed through the lens of our national budget, economic sectors or individual wealth, it carries weight.
That’s roughly the size of loans systemically important national banks have extended (https://www.businesslive.co.za/bd/companies/financial-services/2024-07-26-sa-banks-face-nearly-r1-trillion-exposure-to-energy-transition-risks/) to sectors vulnerable to the global energy transition, particularly in the energy and transport industries. To put it into perspective, it is more than a third of the banking industry’s R2.8-trillion corporate credit loan book. ..
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