There appeared to be a steady recovery during 2011, but private sector gross fixed capital formation grew by only 1,8 per cent in 2012. Fortunately some growth is being seen at the public sector level, but the private sector accounts for around 65 per cent of total fixed capital formation. In such an environment, South Africa’s policy options are constrained.
Given that the financial service industry has strong characteristics as an “information industry,” it is not surprising that innovations in information technology have a particularly large impact on financial services and infrastructures. FMIs including payment and BIS central bankers’ speeches  3  settlement systems have been all the more characterized as “information infrastructures” for recent developments in information technology.