Tuesday, August 3, 2010
SA's growing wealth gap is seen as challenge for banks, says S&P
Posted by Find Insurance Online at 4:48 PMBy Mzwandile Jacks [Business Report] - July 23, 2010South Africa's low wealth levels and high social inequalities had restrained its economy and could spark a disaster, according to the global ratings agency, Standard & Poor's (S&P).S&P's Europe, Middle East and Africa (EMEA) financial institution analyst Matthew Pirnie said this was a challenge that South Africa's top five banks - Absa, Standard
Labels: Africa, south africa
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