Financial stability maintained amid global turbulence

The South African Reserve Bank says the country's financial system is holding steady, despite a volatile global backdrop. The first-edition Financial Stability Review for 2026 reveals that domestic institutions remain resilient in the face of escalating geopolitical conflicts and uncertainty. ​However, the central bank warns that the road ahead looks bumpy. Tightening financial conditions and a highly unpredictable external risk environment are expected to test the system's true resilience for the rest of the year. Nothando Magudulela filed this report.

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