Risk South Africa Rankings 2013

South African dealers had a chance to test their mettle this year as volatility spiked across asset classes and clients sought to hedge some big exposures in the resulting, illiquid conditions. Absa, a member of Barclays, retained its top spot in Risk South Africa’s annual rankings – beating Standard Bank and Rand Merchant Bank into second and third, respectively. By David Wigan with research by Max Chambers


It has been a dramatic year in South Africa – with inflation rising, interest rates see-sawing, and the rand in virtual freefall. But it started in muted fashion.

For the first quarter, GDP averaged just 0.9%, but growth accelerated to 3% in the next three months — an export-driven expansion on the back of a sliding domestic currency. As of mid-October, the rand was down 15% against the US dollar this year, making it one of the worst-performing currencies. Meanwhile, mining strikes, poor jobs

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