n Enterprise Risk - SA - a sinking ship? Economic forecast for 2009 : economic risk

Volume 2, Issue 10
  • ISSN : 1993-8217


Recession, global economic meltdown, stocks crash, Black Friday - such have been the headlines trumpeted by the media in recent weeks. According to economists, South Africa is facing worrying times indeed.

According to economists, the actual financial problem began in the 1980s when, under political pressure from the banking industry, the Reagan administration and congress stopped regulating American financial institutions (see subprime crisis timeline).

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