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View Full Version : South African Bad Loans Don't Pose 'Systemic Threat' - Bloomberg



NewsWhore
05-06-2009, 12:10 PM
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South African Bad Loans Don&#39;t Pose &#39;Systemic Threat&#39; (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da.kB.zp2IT6o%26refer%3Dafrica&cid=1346852890&ei=UaoBSqeLHYfi7APR08GACA&usg=AFQjCNEOq75rzJZWxXsPwrN3-dguSXp-4w)
Bloomberg - Nasreen Seria (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Nasreen Seria%22&hl=en&ned=us&ie=ISO-8859-1)
The bank also didn&#39;t use its foreign exchange reserves to intervene in the currency market, he added. Banks&#39; exposure to industries such as mining, manufacturing and real-estate, which are all contracting, “remains fairly low” and together represents ...


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