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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2125 |
Essay's paper body
This combination of a lack of growth and real positive interest rates necessitated difficult adjustments by households, non-financial businesses and banks. While many banks profitability was under pressure, the higher cost of new technology and irrecoverable loans also contributed to the lower profit margins...
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Competition became rife even between banks within the same group.
Under the Deposit Taking Institution Act of 1990 Shareholding restrictions on foreign banks operating in South Africa. These moves, along with changes in the local political situation following the liberalisation measures announced on 2 February 1990 helped to precipitate a wave of entries into South Africa by foreign banks...
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