Cover IMF Staff Country Reports
Buy Book in Print
South Africa: Financial Sector Assessment Program-Financial System Stability Assessment
Author:
International Monetary Fund. Monetary and Capital Markets Department
Search for other papers by International Monetary Fund. Monetary and Capital Markets Department in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 039
Language:
English
Publication Date:
11 Feb 2022
DOI:
https://doi.org/10.5089/9798400200885.002
ISBN:
9798400200885
ISSN:
1934-7685
Pages:
64
Keywords:
B. bank solvency stress tests; IMF mission chief; foster market entry; increase capital market financing; coverage ratio; financial system structure; FSAP finding; D. nonbank risk analysis; Financial Sector Assessment Program; Stress testing; Insurance companies; COVID-19; Africa; Global
Download PDF (3.7 MB) Download Epub
The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed the financial system to handle the COVID-19 shock relatively well, but domestic and external downside risks remain substantial—with potential implications for asset quality, profitability, and solvency.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund