oa Auditing SA - The importance of a robust financial system for growth in the South African economy

Volume 2003, Issue 22
  • ISSN : 1028-9003



This article is the first in a series aimed at exploring the inherent strength of the South African financial system and its ability to withstand shocks. It looks at the cost of financial disturbances worldwide, and the South African Reserve Bank's (SARB) approach to enhancing financial stability. Future topics will include a qualitative assessment of the South African regulatory environment, the ability of the financial system to address poverty alleviation and access to financial services, methods to identify imbalances in the financial system that increase the risk or impact of shocks, the importance of capital buffers and the impact of the new Basel II regime, as well as the importance of strong corporate governance and ethics.

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