The financial results of South Africa’s four major banks (Absa, First Rand, Nedbank and Standard Bank) for the 31 December 2011 reporting period are a positive reflection of the financial health of the industry, they show that the banks have weathered the recent global economic uncertainty well.
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We are pleased to release the annual edition of the PwC Southern African Financial Services Journal – dedicated to addressing strategic, operational and technical issues and their impact on the financial services sector.
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This report describes the risk outlook for the banking industry at the turn of the year 2012 – a time of unprecedented stress in the financial markets. The findings are based on responses from more than 700 bankers, regulators and close observers of the banking scene in 58 countries.
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This is the 12th PwC survey on banking in South Africa, highlighting the ‘strategic and emerging issues’ in the sector.
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The survey attempts to gather and compare diverse views from senior banking executives from banking institutions in Angola, Democratic Republic of Congo (DRC), Cote d’Ivoire, Ghana and Nigeria, whilst at the same time protecting confidentiality of the participants As in our South African Banking and Insurance surveys, this survey offers perspectives on the strategic and emerging issues in these territories.
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