(II) The linchpin of improving corporate governance structure of commercial banks lies in proper handling of the relationship between commercial banks on one side, and investors, top Management, employees and other stake-holders on the other, enabling all the parties to restrain one another according to laws, rules, regulations and contracts.
To some extent, with the rand being viewed as a high-beta currency, whereby it trades in an exaggerated manner to its emerging market peers, the larger sell-off in the rand was to be expected in such an environment.