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Banking and Financial System

In: Business and Management

Submitted By guillaume
Words 3359
Pages 14
Banking and Financial Systems SOUTH AFRICA

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Summary

Introduction page 3

I) Executive Summary. page 4

II) The Financial System: page 4

A) The Banking System page 5

B) The Financial Market page 7

III) The Legal Side: page 7

A) Legal Framework page 7

B) Regulatory Oversight page 8

IV) Depository-Taking Institutions. page 9

V) Banking Issues and Challenges Prospect. page 10

Conclusion page 12

Sources page 12

Annexes page 13

Introduction

For years ago, South Africa has been facing a lot of racial, political and demographic problems. On the first hand, this country must face these elements and on the other hand it must still working to become a powerful economic country in the world.
With this report we are going to develop the Financial System of South Africa which is a key sector in the country. The South Africa Gross Domestic Product is worth 277 billion dollars or 0.45% of the world economy, according to the World Bank. While it contracted 2.80% over the last 4 quarters, the economy was expected to move back into growth in the last quarter of the year and GDP growth of 1.5% is forecast for 2010, rising to 3.2% by 2012. South Africa has a two-tiered economy; one rivaling other developed countries and the other one with only the most basic infrastructure. It is therefore a productive and industrialized economy that exhibits many characteristics associated with developing countries, including a division of labor between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed.
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The most important economic areas

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