interview
By Co-Pierre Georg, University of Cape Town and Qobolwakhe Dube
Is South Africa safe from systemic risk in its financial system? Systemic risk can lead to the collapse of financial markets as happened in the 2008/09 global financial crisis. In a new study Qobolwakhe Dube and Co-Pierre Georg provide new insights into the extent of risk the country’s financial system faces. The Conversation Africa’s Business and Economy Editor Sibonelo Radebe quizzed them about their findings.
What is systemic risk?
It’s the risk of a collapse of the entire financial system – rather than the failure of individual parts. The word systemic refers to the fact that all the various players in the financial markets are interconnected and have comm…
Read the full article at: http://allafrica.com/stories/201703240823.html
