The fragile foundation of banking: Trust, confidence, contagion and systemic risk
A look into the four factors that build the fragile foundation of banking – trust, confidence, contagion and systemic risk.
A look into the four factors that build the fragile foundation of banking – trust, confidence, contagion and systemic risk.
A combination of factors points to the most probable outcome for the Rand being a gradual depreciation over time, albeit with short-term volatility, says Azar Jammine.
Azar Jammine of Econometrix warns that the SA political situation remains extremely fluid with the potential to cause enormous damage.
The South African Reserve Bank opted to leave the Repo rate unchanged at 7% at its latest MPC meeting.
Red lights are flashing at some of the key state owned entities in SA although National Treasury says any intervention must be “deficit neutral”.
Gold bugs reckon the bullion market hit the depression stage last year, with 2016’s gain of 24% in the yellow metal’s price suggesting we’ve passed hope and are now into relief. After a horrible decline, South Africa Inc appears to be following a similar path.
Amid mounting concern about Deutsche Bank AG’s ability to withstand pending legal penalties, about 10 hedge funds that do business with the German lender have moved to reduce their financial exposure.
Moody’s Investors Service has placed five South African state-owned companies on review for a downgrade due to concerns about governance and the political environment.
Half of the world’s top emerging market sovereigns are now rated below investment grade following this year’s latest wave of downgrades.
The ratings agencies, led by S&P, remain on course for a downgrade to junk, probably at the end of the 2016.