South African Economy
The 2008 Global Financial Crisis exposed critical weaknesses in the global banking system. Banks around the world—including some of the largest—were undercapitalized, over-leveraged, and heavily reliant on short-term funding. When property markets collapsed and mortgage-backed securities went sour, these weaknesses triggered a domino effect of financial failures.
To restore confidence, ensure financial stability, and protect economies from future shocks, the Basel Committee on Banking Supervision introduced Basel III, an internationally agreed set of banking regulations.
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The prime rate has decreased three times by 25 basis points since September 2024, bringing the current prime rate down to 11%, which is good news for homebuyers. But why is it taking so long for the market to respond?
From a pro-business government, to a high performing Rand-Dollar and a recovering share market - Dr Roelof Botha weighs in on some of the good news for the South African economy.
From a new government committed to the principles of free enterprise and private property rights, to exceptionally strong recovery of manufacturing sales and imminent easing of lending rates - A brief “good news” outlook on the political and economic landscape in South Africa, from renowned and highly respected economist Dr. Roelof Botha.
A brief “good news” outlook on the political and economic landscape in South Africa right now, from renowned and highly respected economist Dr. Roelof Botha.
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