SADC banks survive crisis

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Exactly a year after the US economy started its downward slide due to the dramatic collapse of investment bank Lehman Brothers that wreaked havoc on both Wall Street and Main Street, financial institutions here have been advised to learn from the demise.

Speaking at the maiden Annual Southern Africa Banking Conference yesterday, the Managing Director of the Banking Association of South Africa Cas Coovadia said financial institutions should take stock and look at the opportunities that will arise after the global recession.

"There is no doubt that the world of finance has changed for good," Coovadia told delegates representing financial institutions from the region at the two-day conference at the GICC.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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