
Risk South Africa Rankings 2015: The results
Falling rand and concerns over US rates contribute to difficult year for banks

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 process.
“The world has been focused on US Federal Reserve interest rate normalisation, and a strong
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