This week marks the 10th anniversary of the collapse of Lehman Brothers, an event that set in motion the global financial crisis. South African banks weathered the financial storm a lot better than their global peers. CNBC Africa’s Fifi Peters spoke with former FirstRand CEO, Sizwe Nxasana about why this was the case. She also asked him what FirstRand needed to do to stay afloat during the global financial meltdown.
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