South African investors shun non-domestic banks

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South African investors keep it local

Investors in South Africa are more concerned with ensuring their investments are homegrown than they are with examining risks in payout structures and underlyings, according to market participants. "South African investors are generally conservative and hesitant about investing in anything that is not backed by one of the main local banks," says Carl Isernhinke, chief investment officer at Sasfin Bank in Johannesburg. "Some of the offshore guys are not getting much traction here – it's