Sasria says it has paid out R12.6-billion in claims. The state-owned insurer said will be profitable by 2022, thanks to treasury’s additional R11-billion allocation
The sector was badly hit by credit losses, but strong capital buffers have kept it from spiralling
Warning bells are sounding in Zimbabwe as cheap imports replace locally made products and the manufacturing sector stagnates.
New liquidity rules will force South Africa’s banks to change their funding strategies and this will negatively affect growth.