South African state-owned enterprises: A drag on fiscal position and a threat to financial stability

SOUTH AFRICA - Report 09 Nov 2018 by Iraj Abedian

For sustainable economic growth, development and employment creation, nations need a financial system that is “resilient to systemic shocks, facilitates efficient financial intermediation, and mitigates the macroeconomic costs of disruptions in such a way that confidence in the system is maintained” (South African Reserve Bank Financial Stability Review, 2018). Therefore, to promote a stable financial system, the South African Reserve Bank publishes a biannual Financial Stability Review that aims to identify and analyse potential risks to financial system stability, communicate such assessm...

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