Renowned economist Dawie Roodt believes that more South African banks should go bankrupt, as it is a natural progression of a free market.
Roodt shared his views during a discussion about South Africa’s economy on The Main Stage Podcast with Aidan Brown.
South Africa’s banking system is highly regulated, which creates a very safe and protected financial system.
The South African Reserve Bank (SARB) has a system of regulations, oversight, and emergency mechanisms to prevent banks from failing.
Through its Prudential Authority (PA), the Reserve Bank supervises all South African banks to ensure they remain financially sound and operate safely.
The Prudential…