n African Renaissance - What the credit crunch means for South Africa

Volume 6, Issue 2
  • ISSN : 1744-2532
  • E-ISSN: 2516-5305


As the world's financial markets continue to stumble through what is arguably the worst financial crisis to have hit the global economy since the 1930s depression, there are fears in Africa about what effect the current tumult will have on developing economies.

What is South Africa's role in the current turmoil, and can the banking crisis find its way to the domestic banking sector here? South Africa's finance minister Trevor Manuel says not, adding that the country's banking system remains relatively immune from the crisis.

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