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South Africa: Financial System Stability Assessment

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  • International Monetary Fund

Abstract

This paper discusses findings of the Financial System Stability Assessment for South Africa. South Africa’s financial sector operates in a challenging economic environment. Despite remarkable progress since the end of apartheid in 1994, South Africa still has one of the world’s highest unemployment and income inequality rates. Slow economic growth since 2008 has further aggravated unemployment, real disposable income is stagnant, and households are heavily indebted. Relatively high capital buffers as well as sound regulation and supervision have helped mitigate the risks. Stress tests confirm the capital resiliency of banks and insurance companies to severe shocks but illustrate a vulnerability to liquidity shortfalls.

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  • International Monetary Fund, 2014. "South Africa: Financial System Stability Assessment," IMF Staff Country Reports 2014/340, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/340
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=42508
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    Cited by:

    1. Oğuzhan ŞENGÜL, 2021. "Does exchange rate volatility affect financial depth? Evidence from BRICS countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(626), S), pages 247-258, Spring.
    2. Pierre Nkou Mananga & Shiqiang Lin & Hairui Zhang, 2023. "A network approach to interbank contagion risk in South Africa," Working Papers 11052, South African Reserve Bank.

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