Risk South Africa Rankings 2015: The results
Dwindling liquidity in the rand rates swap market, combined with jitters over the timing of US interest rate rises, have made the last 12 months tricky for banks in the South African market
From the heftiest international investment bank to the smallest local dealer, all eyes in South Africa have been on the US Federal Reserve as it continues to flirt with the idea of raising interest rates. The implications for the country are clear – a hike is likely to cause a stampede of capital out of emerging markets in search of higher-yielding US dollar assets, dragging down the rand in the
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