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Persistent link: https://www.econbiz.de/10014404605
This paper deals with one aspect of the drafting of the amendment, the choice of language, and more particularly the … language can make, if not to the reconciliation of opposing views, then at least to their accommodation. The paper highlights …
Persistent link: https://www.econbiz.de/10014394423
Persistent link: https://www.econbiz.de/10000058326
This assessment found South Africa s regulatory system to be fundamentally sound and compliant with international standards. Banking supervision has been effective and has helped limit the impact on the financial sector of the global financial crisis. The assessment recommended that the bank...
Persistent link: https://www.econbiz.de/10012557452
South Africa has made substantial progress in addressing the recommendations of the Financial Sector Assessment Program and is continuing to build upon these accomplishments. The Financial Services Board and Department of Trade and Industry both are organizations with the legal authority to...
Persistent link: https://www.econbiz.de/10014402310
The global financial crisis had a much more pronounced impact on South Africa relative to some other large emerging markets. The overriding economic policy challenge is to reduce unemployment and inequality through higher economic growth. Unemployment is a key policy focus; and a wage subsidy...
Persistent link: https://www.econbiz.de/10014402315
This 2008 Article IV Consultation highlights that South Africa’s economic performance has strengthened in the last …, and employment growing steadily. However, 2008 saw a slowdown in activity, reflecting the cumulative impact of electricity …’ pursuit of a prudent fiscal policy, and their intention to maintain a broadly neutral fiscal stance in 2008 …
Persistent link: https://www.econbiz.de/10014402320
This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and has so far weathered...
Persistent link: https://www.econbiz.de/10014402353
Insurance regulation in South Africa is sound and takes a thorough approach to regulation, recognizes the scale and development of the market, and the need for effective market conduct as prudential regulation. There are particular challenges in improving standards of market conduct, in both...
Persistent link: https://www.econbiz.de/10014402430
Banking supervision in South Africa has been effective in reducing the impact of the global financial crisis. The banks have remained profitable, and capital adequacy ratios have been maintained well above the regulatory minimum. The supervisory and regulatory framework has been strengthened...
Persistent link: https://www.econbiz.de/10014402431