News24
Banks in South Africa must strengthen their risk management and analytics capabilities now and brace for the impact of loan losses from defaults and a decreasing return on capital in the coming months as the ending of relief programmes reveals the full financial impact of the pandemic. Our Global Risk 2021 report cautions that the year ahead for banks is likely to be marred by greater company defaults and business insolvencies as the toll of the pandemic is fully reflected in corporate financial statements. Tijsbert Creemers chats to News24 on the impacts of South Africa.