Loans to distressed industries – Banks reported that they are reducing their exposure to certain industries with high loss rates. –  In New York, bankers noted that certain sectors, such as construction, real estate, and services were particularly hard-hit by the recession, making new loans within these sectors more difficult to finance.
In this way, South Africa will continue to benefit from being part of the global financial system, and to make use of the savings of other countries to help finance growth and development. In summary, it depends on us and on the economic policies we apply, whether an East Asian crisis will also develop in South Africa.