At this time, I would prefer not to discuss future possibilities with you. This week, the President of the ECB, Mr Draghi, also spoke of geopolitical risks that people will have to keep an eye on. Does this refer to the risks arising from the Ukraine crisis?
Because bank failures in South Africa do not occur often and because, in the past, these failures involved relatively small banks or banks with limited retail funding (like African Bank), it was possible for government to compensate at least the retail depositors. Over time, this practice has led many South Africans to believe that their bank deposits are fully insured.