Old banking model must change to ensure economic survival

25 April 2021 - 05:00 By MARK BARNES

Mainstream banking isn't what it used to be, and it's never going back, at least not in our complex, economic society. I suspect there will be some fights about how to balance our developmental and commercial imperatives.

Banks operate straightforward economic models, taking deposits and investing those in the formal economy. To be granted a licence, banks have to demonstrate sense, conservatism and responsibility in deciding where to deploy the country's savings...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.