SA sees no need to join rate cut party

By Staff Writer
SA sees no need to join rate cut party

By Ethel Hazelhurst
From Business Report

While a number of the world's biggest banks have avoided bankruptcy only after intervention by central banks and governments, Reserve Bank governor Tito Mboweni said yesterday that no South African bank had asked for help.

Justmoney.co.za says:

The SA banking sector is in a great position compared to the rest of the world. The crunch will slow things down, but we will not crash out and burn. However check out your financial health, work out a budget, consolidate your debt, transfer the balance on your credit card and get a savings account.

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