South Africa's securities lenders seek collateral clarity

Collateralisation in South Africa can be achieved using either a pledge or outright transfer – but the former does not provide complete protection and the latter can attract tax. The securities lending industry is pressing for an overhaul. Clive Davidson reports

south-africa-rugby

Budget speeches are always a mixed bag. Governments typically try to give something to everyone, but no-one gets everything they want. So it proved with South Africa’s budget, delivered by finance minister Pravin Gordhan, on February 27. Faced with a shortfall in revenues, the government is opting to cut spending rather than raise taxes – affecting a range of programmes – but there were also some neat ideas to spur longer-term growth, such as tax incentives for businesses to get the young and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here