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South Africa’s banking system outlook is stable despite economic headwinds — Moodys
Johannesburg, South Africa, Capital Markets in Africa — Moody’s Investors Service has revised to stable from negative its outlook on the South African banking system for the next 12-18 months. Although subdued economic growth and rising interest rates will increase non-performing loans (NPLs), the rating agency nevertheless expects banks’ financial performance to remain resilient. “The stable outlook reflects our view that South African banks are well-positioned to withstand headwinds from the country’s weak economy,” says…
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