SA financial market has held its own during Covid-19 crisis - but for how long?

Londiwe Buthelezi

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The 2020 Absa Africa Financial Markets Index showed that South Africa improved its overall score to 89 from 88 in 2019.

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Despite the Moody's downgrade earlier this year, the country's GDP contracting by 16.4% on annualised basis in the second quarter, and banks' reporting record credit impairments, South Africa's financial system remains the strongest on the continent.

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