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Golden years for SA banks
Local banks are set to capitalise on the slump faced by global competitors, writes Maya Fisher-French.
Local banks are set to capitalise on the slump faced by global competitors, writes Maya Fisher-French.
The SARB said on Tuesday that the South African banking system remained stable and banks were adequately capitalised during 2007.
Though banks are required to refund customers who booked Nationwide tickets using their credit cards or debit cards, this has not always happened.
SA has a well-regulated and capitalised banking system that has been largely unaffected by the US subprime crisis, the Reserve Bank said on Tuesday.