BANKING NEWS
South African
News
Central banks now
repairing economies
Reserve Bank Governor Gill Marcus believes that the R30bn capital flow to
South Africa’s financial markets in 2012 is proof of great interest in the country
and signals an opportunity in the current stressed environment.
SARB
ADDRESSING A GORDON INSTITUTE of Business Science
Marcus said she believes the responsibility for financial
(GIBS) Forum in Johannesburg, Marcus said, ‘The flight to
stability is where the mandate of central banks has evolved the
quality is a misnomer and should rather be a flight to familiarity.’
most since the crisis began.
South Africa offers real rates of return in a world reeling from
‘This is the fifth year of the financial crisis, and the issue is
financial crisis, but the question is whether we can
cumulative,’ she said. ‘The scale is huge, and we
create an attractive investor destination through
must not forget that behind all these numbers are
our