SA safe from global turmoil

South Africa has a well-regulated and capitalised banking system which has been largely unaffected by the US sub-prime market crisis, the central bank said yesterday. The Reserve Bank has maintained that turmoil in global financial markets has only affected South Africa indirectly, as local banks had almost no direct exposure to US sub-prime mortgages. - Reuters

South Africa has a well-regulated and capitalised banking system which has been largely unaffected by the US sub-prime market crisis, the central bank said yesterday. The Reserve Bank has maintained that turmoil in global financial markets has only affected South Africa indirectly, as local banks had almost no direct exposure to US sub-prime mortgages. - Reuters

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