Ensuring better delivery by state-owned enterprises is also critical given the important role that these entities play in providing the infrastructure to support growth in the economy. 9  It is well known that South Africa has endured an environment of high inflation and low growth, a situation presenting a challenge to monetary policy authorities.
Many examples from around the globe show that prudential regulators and supervisors have embarked on this immersive supervisory approach. For instance, as early as 2019 the Bank of England published its climate-related supervisory expectations addressed to banks and insurers.