Tag: kuben naidoo
In the last week South Africa’s banking regulator has taken extraordinary measures to stabilise the bond markets and financial system, on which the very heart of the economy is built on. The South African Reserve Bank revealed plans to buy bonds and give banks a respite from accounting and capital rules. This could release about 300 billion rand for lending to assist the economy to deal with Moody’s downgrade and COVID-19. Kuben Naidoo, Deputy Governor of the South African Reserve Bank and Chief Executive Officer of the Prudential Authority joins CNBC Africa for more.
The Prudential Authority in the Reserve Bank has released its inaugural report. The role of the authority is to promote and enhance safety and soundness of all regulated financial institutions in South Africa. Deputy Governor and CEO of the Prudential Authority Kuben Naidoo spoke to CNBC Africa reporter Kopano Gumbi.