You have new items in your feed. Click to view.
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
Get an answer
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 the Department of Mineral Resources during 2009. The outcome will be published shortly. Meanwhile, the minerals sector has been the site of many of the largest and highest-profile BEE deals and initiatives of the past decade, and the source of large fortunes for a number of well-connected ANC members and supporters. ] (More)
Question
Expert Answered
Asked 8/11/2012 4:37:41 AM
0 Answers/Comments
27,244,760 questions answered
Popular Conversations
Simplify 18 - 2[x + (x - 5)]. 8 - 4x 28 - 4x 28 - 2x User: ...
Weegy: 3(4x + 6) - 9x = 12x + 18 - 9x; = 3x + 18 User: Alfonso is 8 years older than Ashley. Five years ago Alfonso ...
3/29/2017 10:43:45 AM| 3 Answers
Write a compare-and-contrast analysis of how culture shapes the ...
Weegy: You might want to go to Weegy Pro or Weegy Research for this question.
3/29/2017 10:08:05 AM| 2 Answers
On the freeway, you are required to have your signal on for ______ ...
Weegy: On the freeway, you are required to have your signal on for 100 feet before changing lanes. User: Every ...
3/29/2017 6:08:01 PM| 2 Answers
What was it about FDR that stunned Stalin and Churchill at the Yalta ...
Weegy: B. He was very irrational in his decision making. User: What was the Marshall Plan? A. a program created by ...
3/29/2017 9:08:33 PM| 2 Answers
The question below refers to the selection “from The Wife of Bath’s ...
Weegy: According to the old woman, what women really want is d. mastery over their husbands User: The question below ...
3/29/2017 3:05:40 AM| 1 Answers
The question below refers to the selection“The Lamb from Songs of ...
Weegy: The answer is D: kindness of the creator. [href='http://en.wikipedia.org/wiki/Lambada' target=_blank ...
3/29/2017 3:31:22 AM| 1 Answers
Cell is to tissue as A. organ system is to organ. B. tissue is to ...
Weegy: Cell is to tissue as tissue is to organ. User: The basic unit of all forms of life is a(n) A. organ ...
3/29/2017 5:34:16 AM| 1 Answers
From simplest to most complex the four levels of organization of the ...
Weegy: Muscle tissue is made of cells that contract and relax. User: Which organ system is responsible for ...
3/29/2017 5:35:14 AM| 1 Answers
Weegy Stuff
S
Points 619 [Total 720] Ratings 0 Comments 619 Invitations 0 Offline
S
Points 570 [Total 570] Ratings 0 Comments 570 Invitations 0 Offline
S
P
P
L
P
Points 300 [Total 1618] Ratings 1 Comments 290 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 184 [Total 1636] Ratings 1 Comments 174 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
P
P
Points 14 [Total 744] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.