Marcus: Gold plunge extremely concerning

Marcus: Gold plunge extremely concerning
Johannesburg – The biggest drop in gold prices since 1983 is “extremely concerning” and reflects the uncertain outlook for the global economy, South African Reserve Bank Governor Gill Marcus said. The central bank will continue to accumulate bullion as …
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How big of a problem is unsecured lending for banks?
While this would enough to pose a problem if impairments raged out of control, South African banks are actually very well capitalised. The table below shows some data from the Reserve Bank on banking sector liquidity. As you can see, the sector is in …
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SA still 'gateway into Africa' for foreign investors
Reserve Bank governor Gill Marcus says the outlook for South Africa's second-biggest sector, manufacturing, is positive because of the weaker rand, but remains fragile due to the weak demand in main export markets. She says the recession in the …
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