Buffeting winds of change. (South African banking system)

African Business | October 1, 1994| | Copyright

The South African banking system is one of the most developed in the world, as Mushtak Parker points out, the times are now changing. The question is, can the banks adapt quickly enough to the new environment?

These are challenging times for the South African banking sector. Faced with a country in political transition, South African financial institutions, normally very conservative, nurtured and erstwhile sheltered apartheiders, are having to adjust both their ethos and operations to a far more radical agenda. This is a situation which many of the major banks find ...

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