2013  2015  2017  18  Figure 15: Average Number of Headquarters in Rural and Urban Markets  Number of headquarters  15  12  9  6  3  0  1997  1999  2001  2003  2005  2007  2009  2011  Year Rural  Urban  Source: Federal Reserve Board staff calculations using bank Reports of Condition and Income filed with the Federal Financial Institutions Examination Council, Thrift Financial Reports filed with the Office of Thrift Supervision, and Summary of Deposits filed with the Federal Deposit Insurance Corporation.
Wild-cat strike action spilled over to other parts of the platinum industry, later moving to rest of the mining sector, and to the transport and agricultural sectors, resulting in a significant dent in global investor confidence in the country, which contributed to sovereign credit ratings downgrades by all three major rating agencies, and ultimately resulted in a further weakening in the exchange rate of the rand and higher borrowing costs for the country.