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Bank Industry Risk Analysis: South Africa Apr 98
Standard & Poors, April 1998
Abstract
SOVEREIGN RATINGS South Africa (Republic of) Local currencyBBB+/Stable/-- Foreign currencyBB+/Stable/-- BASIC DATA Number of banks 111 (including representative offices) System deposits South African rand 471.3 billion (US$94 billion at R5 to US$1) Deposits per capita R10.71 Form of Regulation Banking supervision is exercised by the Registrar of Banks, a division of the South African Reserve Bank (SARB). The SARB is the independent central bank. Banks are regulated under the Banks Act, No. 94 of 1990 and the Banks Amendment Act, 1994. Bank Superintendent C.F. Wiese is the Registrar of Banks and General Manager, Bank Supervision Department. Dr. Chris Stals is the Governor of the South African Reserve Bank and was appointed to a five-year term by President Nelson Mandela. Date...
Companies mentioned in this report are: National Westminster Bank PLC,London Assurance (The),South Africa (Republic of),Nedbank Group Ltd. (Unsolicited Ratings),Absa Bank Ltd. (Unsolicited Ratings),UBS AG,Botswana (Republic of)
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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