SA’s banks remain healthy. How to manage risk (so as to keep them that way)

What steps should South African banks take to better manage social and environmental risks?

The Money Show’s Bruce Whitfield interviewed the International Finance Corporation (IFC) Country Manager for Southern Africa Saleem Karimjee.

Karimjee discussed the following five points:

Greater awareness and understanding is needed of the risks and impact of social and environmental factors.

  • The South African banking market is hugely capable, but banks could do a lot more to mitigate environmental and social risks (not so much in themselves but in the clients that they support).

  • Wednesday’s meeting by the Sarb, FSB and National Treasury is an important step in this process.

Skills development and capacity building is critical.

  • Banks need to build skills and capacity internally.

  • Banks need to add a layer of diligence to their relationship with their clients.

Regulation is important, but overregulation should be avoided.

Standards exist to make this a reality.

  • IFC already has the performance standards in place.

Although South Africa has a sophisticated banking sector, it can learn lessons from other countries.

  • Nigeria and Kenya are already leading in risk mitigation.

For more detail; listen to the interview in the audio below.

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Economic researcher slams anti-poor VAT hike

Economic researcher slams anti-poor VAT hike

The Money Show’s Bruce Whitfield interviews Wits economic researcher Gilad Isaacs.

Anglo American profits soar. Pays highest dividend in a decade

Anglo American profits soar. Pays highest dividend in a decade

The Money Show’s Bruce Whitfield interviews Anglo American CEO Mark Cutifani.

Woolworths, pummelled in Australia, loses R4.86 billion

Woolworths, pummelled in Australia, loses R4.86 billion

The Money Show’s Bruce Whitfield interviews Woolworths CEO Ian Moir.

How to capitalise on an environment that has suddenly turned for the better

How to capitalise on an environment that has suddenly turned for the better

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

'Budget is excellent under the circumstances. I give it 9 out of 10'

'Budget is excellent under the circumstances. I give it 9 out of 10'

The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.

Popular articles
Discovery CEO (and founder) Adrian Gore bares his soul about money

Discovery CEO (and founder) Adrian Gore bares his soul about money

The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).

"Duduzane Zuma is the Gupta family's greatest asset"

"Duduzane Zuma is the Gupta family's greatest asset"

Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...