Working papers

WP/2018/04 – Understanding the World Economic Forum Global Competitiveness Report

The World Economic Forum (WEF) Global Competitiveness Report (GCR) is an annual report designed to assess competitiveness pillars of economies around the world, with the aim of influencing policy decisions and economic development strategy for those countries.

The GCR Financial System Pillar includes a measure of the banking industry. The South African banking industry, measured by the category “Soundness of banks”, had enjoyed a top ten ranking since 2009/2010, however, the GCR for 2017/2018 moved our ranking from number 2 to 37 and for 2018 from 37 to 62, a dramatic weakening of one of South Africa’s strongest performers.

The decline challenged official banking measures and the Centre of Excellence in Financial Services (COEFS) began researching the possible contributing factors to this significant drop in ranking. COEFS engaged the WEF team, and the partnering institutions for South Africa, to investigate the reason behind this noticeable change.


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WP/2018/03 – South African bank lending practices survey

The second South African Bank Lending Practices Survey (BLPS), completed by senior decision makers in banks, has been completed. The survey continues to provide insight into the sentiment of bankers in South Africa and remians designed to provide an indication of the banks’ reactions and intentions in the provision of credit. The survey follows the approach of similar international quarterly surveys  done in Canada, America, Europe and Britain, but has been adapted to apply to the South African market. This is the second BLPS which should over time, provide a useful measure to the credit industry and assist with understanding the importance of sentiment in the credit landscape.


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WP/2018/02 – South African bank lending practices survey

Coefs has developed a bank lending practices survey (BLPS) which was completed by senior credit decision makers in banks. The survey was designed to provide an indication of the banks’ reactions and intentions in the provision of credit. The survey follows the approach of similar international quarterly surveys  done in Canada, America, Europe and Britain, but has been adapted to apply to the South African market. The BLPS identifies various forms of lending and gauges the impact on credit policy and new lending, based on current and future economic conditions, legislative and regulatory changes.


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WP/2017/01 – In pursuit of efficient financial markets for the SADC region

Through discussions with practitioners from South African banks, a number of challenges were identified linked to the growth of vibrant financial markets within individuals countries in the African continent, which in turn frustrate the development of a vibrant financial market across the region. One of the key challenges we identified was the lack of common legal documentation to underpin standard economic transactions.