South African banking system remains stable: report

James

James

MyGaming Alumnus
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The South African banking system remains stable and well-positioned, despite international headwinds, a major professional services firm reported on Wednesday.

"Notwithstanding some international headwinds, the South African banking system has remained stable and the banks are adequately well-capitalised, with solid returns on equity (ROE)," PricewaterhouseCoopers (PwC) said.

"We expect South Africa's banks to continue on a cautious growth path."
 
Yeah nothing wrong with SA banks. I expect to see a bit of drama surrounding unsecured loans and maybe some grief about debit order & the recent sim swap bullsht...but all very much storm in a teacup level stuff.

Lots of other areas of SA are on the verge of collapse though (Medical, educational, criminal) so really...banks are not even on my radar atm.
 
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