07-08-2009, 09:31 PM
[quote=mcamp999]
The reason SA took much longer to go into recession was because of some farsighted financial services regulation that meant SA was not as affected as other countries.
Awright , you are referring to the exchange control , yes ? ( which prohibited S.A. banks to get involved in toxic mortgages ? )
The reason SA took much longer to go into recession was because of some farsighted financial services regulation that meant SA was not as affected as other countries.
Awright , you are referring to the exchange control , yes ? ( which prohibited S.A. banks to get involved in toxic mortgages ? )