CAPE TOWN  – International banking advisory group Lafferty has rated South African banks as the strongest globally.Lafferty ranked 100 major banks in 32 countries for long-term stability and quality of service in corporate and retail banking.

Capitec, Barclays Africa and Atlas Mara: Thoughts from a bank ratings expert: Banking advisory group Lafferty… http://bit.ly/2alKXNP 

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Capitec, Barclays Africa and Atlas Mara: Thoughts from a bank ratings expert

Banking advisory group Lafferty ranks South African banks as world-class and notes strong opportunities across the continent – despite the current struggles banks face.

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The group said sovereign downgrades that recently plunged South Africa into junk status haven’t affected the quality of the banks. The five South African banks in the study were Absa, Capitec, First Rand, Nedbank and Standard Bank.

This is the second year in a row that South African banks have achieved the highest ranking.