Standard Bank, Absa, Nedbank…who are the main players in South Africa’s banking sector?

By Xolisa Phillip, in Johannesburg

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Posted on March 22, 2023 15:29

 © By TAR

The outlook for South Africa’s banking sector remains stable despite a volatile macroeconomic environment, according to Moody’s Investors Service.

With inflation, unemployment, interest rates, and power cuts all shooting up in a sluggish economy, South Africa’s banks “can rely on their prudent risk management, improved liquidity, and solid capital buffers to weather the tough conditions”, Moody’s says in a note released on Tuesday 21 February.

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