South Africa’s economic growth performance  Similar to the many countries participating at this meeting, the South African economy can be described as an economy in transition. It is the largest economy in Africa with gross domestic product in 2005 measuring $ billion (R1523 billion), compared to $ billion (R482,1 billion) in 1994.
Wherever risks to the stability of the financial market architecture arise, they have to be addressed by legal  BIS central bankers’ speeches  3  requirements – for instance, if a company grants loans on a commercial scale through an online platform. But, without paying attention to digital change, we cannot supervise the banking industry in a risk-appropriate manner.