Question and answer
history of bankin in south africa in early development
South Africa's banking system The South African banking system is well developed and effectively regulated, comprising a central bank, a few large, financially strong banks and investment institutions, [ and a number of smaller banks. Many foreign banks and investment institutions have set up operations in South Africa over the past decade. The Banks Act is primarily based on similar
legislation in the United Kingdom, Australia and Canada. Although no formal agreements have been concluded towards a consistent international position in the area of banking regulation, there have been amendments to exchange controls as well as financial market legislation, making South Africa an attractive investment prospect. The National Payment System Act of 1998 was introduced to bring the South African financial settlement system in line with international practice on settlement systems and systematic risk management procedures. The Act confers greater powers and duties on the SA Reserve Bank in respect of providing clearing and settlement facilities. The Payment Association of South Africa, under the supervision of the Reserve Bank, has facilitated the introduction of payment clearing house agreements. It has also introduced agreements pertaining to settlement, clearing and netting agreements, and rules to create certainty and reduce systemic and other risks in inter-bank settlement. These developments have brought South Africa in line with international inter-bank settlement practice. Investment and merchant banking remains the most competitive front in the industry, while the country's "big four" banks - Absa, First National Bank, Standard Bank and Nedbank - continue to consolidate their grip on the retail market. ]
Expert answered|zorabelmay|Points 107|
Question
Asked 8/11/2012 4:48:38 AM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
what are factors that hampere mining development in south africa
Weegy: South Africa's mining industry is large and potentially very profitable. [ However, the sector currently faces a challenging operating environment- which since last year has been complicated by a public debate between the ANC Youth League and government over nationalization. The 2004 "mining charter" on black economic empowerment (BEE), negotiated between the mining companies, the unions and other "stakeholders," was due for review by ... (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 8/11/2012 4:37:41 AM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
The question below refers to the selection "By the Waters of ...
Weegy: The question below refers to the selection "By the Waters of Babylon." The many lights that John sees in his ...
4/22/2014 8:51:50 AM| 5 Answers
Identify the function of the italicized noun clause. Cousin Jake's ...
Weegy: The function of the noun clause "that he run the mile in less than four minutes" is a NOUN PHRASE COMPLEMENT.
4/22/2014 9:51:58 AM| 4 Answers
Which sentence uses a verb that agrees with its compound subject? ...
Weegy: Which sentence uses a verb that agrees with its compound subject? A. Pumpkins and grapes are grown on vines. ...
4/22/2014 12:24:12 PM| 4 Answers
(x 2 + 4x + 8)(2x - 1)
Weegy: Simplify: 2x - 8 = 2x - 3. As you can see, there are no values of x that make the equation true. Subtracting 2x ...
4/22/2014 7:19:21 AM| 3 Answers
Ethiopians learned Christian traditions from ___________. a. their ...
Weegy: Ethiopians learned Christian traditions from the Hebrews.
4/22/2014 7:36:55 AM| 3 Answers
If x varies inversely with y and x = 4 when y = 9, find x when y = 6. ...
Weegy: (3x-2) squared is 9x^2 - 12x + 4. User: Find the general term for the sequence -3, 1, 5, 9, .... Weegy: -6
4/22/2014 8:28:58 AM| 3 Answers
How many terms are in the expression shown below? x2 - 10xy + 3y + ...
Weegy: There are 5 terms in the expression x2 - 10xy + 3y + y2 - 1. User: Find the value of 21 - 18 ÷ 3 · ...
4/22/2014 1:25:53 PM| 3 Answers
Which of the following represented loyalty to church before loyalty ...
Weegy: D. User: The Glorious Revolution took place in response to the __________. a. actions of James II c. Articles ...
4/22/2014 4:08:32 AM| 2 Answers
At the incident scene, who handles media inquires? A. Public ...
Weegy: At the incident scene, who handles media inquires? D. Communications Officer User: The Liaison Officer: A. ...
4/22/2014 6:09:11 AM| 2 Answers
When should an HIV positive person share his or her status with ...
Weegy: When the person is ready an HIV positive person share his or her status with friends and family.
4/22/2014 6:32:20 AM| 2 Answers
Joe denied being the father of Lisa. Lisa's mom took Joe to court ...
Weegy: Joe denied being the father of Lisa. Lisa's mom took Joe to court to prove he is Lisa's biological father. The ...
4/22/2014 6:37:34 AM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1748 [Total 7135]| Ratings 0| Comments 1748| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1716 [Total 9597]| Ratings 0| Comments 1716| Invitations 0|Offline
S
1
L
C
L
Points 894 [Total 5697]| Ratings 4| Comments 854| Invitations 0|Offline
S
1
L
1
L
P
Points 550 [Total 7227]| Ratings 2| Comments 530| Invitations 0|Offline
S
L
Points 478 [Total 2925]| Ratings 2| Comments 448| Invitations 1|Online
S
L
1
1
1
Points 271 [Total 3537]| Ratings 7| Comments 201| Invitations 0|Offline
S
R
Points 267 [Total 379]| Ratings 6| Comments 187| Invitations 2|Offline
S
Points 198 [Total 198]| Ratings 6| Comments 118| Invitations 2|Online
S
Points 170 [Total 586]| Ratings 0| Comments 170| Invitations 0|Offline
S
1
Points 155 [Total 485]| Ratings 3| Comments 125| Invitations 0|Offline