Periods of change in the banking sector  Following South Africa’s re-entry into international financial markets in 1994, locally registered banks have increasingly been expanding their operations into other countries. At the same time, international banks have been expanding their operations into South Africa.
Schemes geared towards car purchases certainly stimulated demand in a period of high uncertainty. But such influence has not affected the underlying trend of demand of automobiles. In Chart 5, which shows the level of car registrations in the euro area, Germany and Spain illustrates that indeed car sales have benefited initially from these schemes.