SA’s banks remain healthy. How to manage risk (so as to keep them that way)

What steps should South African banks take to better manage social and environmental risks?

The Money Show’s Bruce Whitfield interviewed the International Finance Corporation (IFC) Country Manager for Southern Africa Saleem Karimjee.

Karimjee discussed the following five points:

Greater awareness and understanding is needed of the risks and impact of social and environmental factors.

  • The South African banking market is hugely capable, but banks could do a lot more to mitigate environmental and social risks (not so much in themselves but in the clients that they support).

  • Wednesday’s meeting by the Sarb, FSB and National Treasury is an important step in this process.

Skills development and capacity building is critical.

  • Banks need to build skills and capacity internally.

  • Banks need to add a layer of diligence to their relationship with their clients.

Regulation is important, but overregulation should be avoided.

Standards exist to make this a reality.

  • IFC already has the performance standards in place.

Although South Africa has a sophisticated banking sector, it can learn lessons from other countries.

  • Nigeria and Kenya are already leading in risk mitigation.

For more detail; listen to the interview in the audio below.

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : SA’s banks remain healthy. How to manage risk (so as to keep them that way)


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Each year rich countries waste as much food as sub-Saharan Africa produces

Each year rich countries waste as much food as sub-Saharan Africa produces

We waste a third of all food produced. If we avoid 25% of that wastage, it could feed 870 million hungry mouths.

Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela – once as rich as Norway – is suffering an apocalyptic collapse without precedent.

What is a hedge fund?

What is a hedge fund?

The Money Show’s Bruce Whitfield interviews Fairtree Capital Portfolio Manager Jean-Pierre Verster.

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

The Money Show’s Bruce Whitfield interviews Truworths CEO, Michael Mark.

We have made progress in delivering on our promises to Marikana – Lonmin CEO

We have made progress in delivering on our promises to Marikana – Lonmin CEO

The Money Show’s Bruce Whitfield interviews Lonmin CEO Ben Magara.

4 tips for safely investing right now when everything is so hectic

4 tips for safely investing right now when everything is so hectic

Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.

Popular articles
Questions raised over qualifications of Tshwane EMS Head

Questions raised over qualifications of Tshwane EMS Head

SAMWU members allege that EMS head Previn Govender misrepresented his credentials.

Each year rich countries waste as much food as sub-Saharan Africa produces

Each year rich countries waste as much food as sub-Saharan Africa produces

We waste a third of all food produced. If we avoid 25% of that wastage, it could feed 870 million hungry mouths.

As a matter of fact: Has the murder rate for women in SA spiked by 117%?

As a matter of fact: Has the murder rate for women in SA spiked by 117%?

The claim of a 117% rise in the killing of women in South Africa since 2015 was revealed during an Al Jazeera news programme.

Man who admitted to killing 13-year-old CPT schoolgirl handed life sentence

Man who admitted to killing 13-year-old CPT schoolgirl handed life sentence

Andrew Plaatjies was handed two concurrent life sentences after admitting to the murder and attempted rape of the teenage girl.

[LISTEN] 'State institutions were sacrificed to protect individuals within ANC'

[LISTEN] 'State institutions were sacrificed to protect individuals within ANC'

The amaBhungane Centre for Investigative Journalism's Sam Sole explains how we got where we are with State Capture.

[LISTEN] Family of four to pay almost R3 000 for food 'staples' in 2019

[LISTEN] Family of four to pay almost R3 000 for food 'staples' in 2019

BFAP food price specialist Marlene Louw explains the 2018-2027 baseline data on food prices.

Technobyte: Would you go under the knife in order to take the perfect selfie?

Technobyte: Would you go under the knife in order to take the perfect selfie?

Aki Anastasiou reviews the new Samsung Galaxy Note 9, and talks about the latest craze of cosmetic surgery for good selfies.

Ipsos poll show uncertainty for ANC, but Ramaphosa still ranks highest

Ipsos poll show uncertainty for ANC, but Ramaphosa still ranks highest

The latest Ipsos report shows that even though there is uncertainty for the ANC, Ramaphosa is rated higher than other leaders.

'Almost alcoholics' - the blurred lines between social drinking and alcoholism

'Almost alcoholics' - the blurred lines between social drinking and alcoholism

Sobriety advocate Janet Gourand explains the differences between the social drinker and an almost alcoholic.

Stats SA Capex Report shows decline in government spend

Stats SA Capex Report shows decline in government spend

EWN reporter Barry Batemen says the report shows a decline in state capital expenditure between the year 2016 and 2017.