The Voice of the Cape VOC Breakfast

Downgrade of Banks

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This morning we ask the question. Is the banking system in trouble? Recently, African Bank which concentrates mostly focussed on providing small loans to low-earning consumers was placed under curatorship after its collapse on the Johannesburg Stock Exchange last week. In this week, Capitec also had its credit rating downgraded by Moody's Investor services. We chat now to the consultant economist at Econometrix, Yumna Ebrahim....
19 Aug 2014 English South Africa Technology · News

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