SA Banks safer than Swiss, British, German, American
October 26th, 2008
Out of the global economic meltdown comes some good news for South Africa:
“The World Economic Forum ranked South Africa’s banks the 15th most secure out of 134 countries in the 2008/09 Global Competitiveness Report.”
“South Africa’s score of 6.54 (out of 7) in this sub index indicates that the country’s banks are generally more healthy and have more sound balance sheets than the banks of countries such as Switzerland who ranked 16th, Germany (39th), the United States (40th) and the United Kingdom (44th).”
~~via South Africa: The Good News (also in the latest newsletter “America has sneezed, how bad will our cold be?“)
Posted in Local
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