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South Africa: Home - SA Reserve Bank"s banking report imminent
[IOL BusinessReport: 2010-03-10]
Submit your comment South Africa"s Reserve Bank will shortly release results of a study into the gap between the central bank"s main interest rate and prime lending costs, but is not formally investigating competition between commercial banks, Finance Minister Pravin Gordhan has said. The banking sector in South Africa is dominated by four major banks, Standard Bank, Absa, Nedbank and FirstRand, and has been criticised for being uncompetitive, allowing banks to charge consumers mor. . .
Continue to Africa News story at IOL BusinessReport
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