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


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
Jubilant Zimbabweans ‘crying and hugging’ as Robert Mugabe resigns

Jubilant Zimbabweans ‘crying and hugging’ as Robert Mugabe resigns

There’s an outpouring of emotion on the streets of Harare. Bruce Whitfield interviews Rashweat Mukundu.

Imagine Naspers without its 34% stake in Tencent (world’s 5th largest company)

Imagine Naspers without its 34% stake in Tencent (world’s 5th largest company)

How much would Naspers be worth without Tencent? Bruce Whitfield interviews Old Mutual Investment Investment Analyst Philip Short.

Funny man Alan Committie gets serious(ish) about money

Funny man Alan Committie gets serious(ish) about money

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

How to boost your reputation and change the way people see you

How to boost your reputation and change the way people see you

Ian Mann reviews “The Reputation Game: The Art of Changing How People See You” by David Waller and Rupert Younger.

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

The Money Show’s Bruce Whitfield interviews Cannon Asset Managers Portfolio Manager Samantha Steyn.

‘If Mugabe could be shafted so can Zuma - the view of many in SA’

‘If Mugabe could be shafted so can Zuma - the view of many in SA’

The Money Show’s Bruce Whitfield interviews independent political analyst Daniel Silke.

Popular articles
8 things you may not know about Jacques Pauw

8 things you may not know about Jacques Pauw

We thought we'd let you in on some facts about sought after, award-winning journo Jacques Pauw, author of The President's Keepers.

UCT students invent effective shower water-capturing device

UCT students invent effective shower water-capturing device

Shower Savvy is a Jerry can look-alike that one can stand on while taking a shower which stores up to 10 litres of grey water.

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

A PDF version of the book has been doing the rounds since Sars and the State Security Agency threatened legal action.

Falling out of love? Signs and stages of romantic disengagement

Falling out of love? Signs and stages of romantic disengagement

Can you love your partner, but no longer be in love with them? Dr Eve unravels stages of disaffection in romantic relationships.

Celibacy liberated me - Amanda Ndiki

Celibacy liberated me - Amanda Ndiki

Author Amanda Ndiki, celibate for 6 years describes her journey and how celibacy helped mend her sense of self.

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

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...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?