SARB Governor says bank foreign ownership difficult

Foreign ownership in South African banks was a difficult question and needed careful consideration, central bank Governor Gill Marcus said on Thursday.

"In South Africa, it's more complex. We have ownership that's mixed. Mixed ownership of banks does have risks.

"It does create a situation of complexity and that needs careful consideration in my view," she told businesspeople in Soweto.

She said the central bank's mandate was wider than inflation targeting and they also had to take growth and employment into account. - Reuters

Source: Business Report