01813cas a2200241 a 4500 AALejournalIMF014846 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484372005 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. South Africa : Financial System Stability Assessment. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (104 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses findings of the Financial System Stability Assessment for South Africa. South Africa's financial sector operates in a challenging economic environment. Despite remarkable progress since the end of apartheid in 1994, South Africa still has one of the world's highest unemployment and income inequality rates. Slow economic growth since 2008 has further aggravated unemployment, real disposable income is stagnant, and households are heavily indebted. Relatively high capital buffers as well as sound regulation and supervision have helped mitigate the risks. Stress tests confirm the capital resiliency of banks and insurance companies to severe shocks but illustrate a vulnerability to liquidity shortfalls. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/340 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/340/002.2014.issue-340-en.xml IMF e-Library