Are South African banks at risk of their own crisis? An article by Jonathan Katzenellenbogen raises a number of questions and discusses the risks SA banks face as well as the erosion of confidence in the government and factors such as South Africa’s ‘grey listing’.
In certain ways all banking crises are the same. There is a run on the bank as depositors rush to withdraw their cash and big lenders refuse to extend any more credit. It is all brought on by an erosion of confidence. While the erosion in confidence might be drawn out, the breaking point is always sudden.
Jonathan Katzenellenbogen
To read the full article, visit Biznews, “Are South African banks at risk of their own crisis? Examining the threats – Katzenellenbogen“.
