During the past year we also had to deal with the potential risks posed by a questionable report on Capitec Bank and the subsequent short-selling of the bank’s shares, which caused some volatility in its share price. The SARB’s view is that Capitec Bank is well capitalised and has sufficient liquidity.
Many of us have experienced major bad weather episodes: a severe snow or ice storm, a flood, a tornado, or perhaps a hurricane. Commerce may grind to a halt for up to a week or so in an area, but activity bounces back rapidly once things are cleaned up.