The unfolding second wave of the pandemic threatens the fragile economic recovery across G-20 economies. Improvement in financial conditions has stalled in the euro area, and is slowing in emerging markets.
A Bank Code is intended to be an affordability assessment to determine the client’s ability to repay their short-term financial obligations. It is therefore used to determine whether a customer is considered an acceptable risk for a bank for a specified amount borrowed over a specified period.
Our credit analysis team have put together a fact-based Credit Risk outlook for South Africa covering the economy, business and consumer confidence, political stability, and a sectoral update.