The funding and other corrective measures enabled the affected banks to restore liquidity positions during the first quarter of 2000. South African banks are well run with sophisticated risk-management systems and corporate-governance structures.
They are also well capitalised and had an average risk-weighted capital-adequacy ratio of 12.5% at the end of June 2000, compared with the required minimum ratio of 8% stipulated in the Basel Capital Accord. More than 60% of the banks had a capital-adequacy ratio of at least 15% at the end of June 2000.