Tag: prudential authority
As households and businesses in South Africa struggle to cope with the current economic turmoil and uncertainty brought upon by the COVID-19 pandemic, the Prudential Authority (PA) has welcomed the measures taken by banks to support their customers financially.
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.