The financial crisis that began in 2007 exposed critical failures in the analysis and understanding of the financial system. In its aftermath, global and local regulators and policymakers have focused on addressing vulnerabilities and today there is a better awareness of how stresses in the financial system arise and are amplified. Understanding South African financial markets provides a comprehensive overview of the various aspects of South African financial markets and the institutions that operate within them. Understanding South African financial markets has been compiled by practitioners from the financial markets and experienced faculty members in economics and financial management. Each chapter starts with study objectives relevant to the material covered. Jargon that may be unfamiliar is explained in lay terms, and both international and local market practices and norms are discussed where relevant.
Contents include the following:
- Fundamentals of the financial system
- The South African Reserve Bank
- Regulation of the financial markets
- Financial institutions such as banks, insurers and investment institutions
- The money market, bond, equity, derivatives and commodities markets
- The impact of economic indicators on financial markets
Understanding South African financial markets is an introductory text that should serve as a useful reference and guide for commerce students, public servants and members of the business fraternity alike.
Karin van Wyk is the CEO of the South African Institute of Financial Markets, a financial markets industry association that conducts examinations for the financial markets and the JSE. She holds a BA(Law) and an LLB from the University of Pretoria and a BCom from Unisa .
Ziets Botha is a learning and development consultant at a large institution in the financial sector, where he has been managing various financial market-related training programmes since 1999. He also serves on the board of the South African Institute of Financial Markets. He holds an MCom (Economics) from the University of Johannesburg.
Ingrid Goodspeed has over 20 years' banking and financial markets experience in the areas of treasury, risk management, compliance, investment analysis, economic research and information technology. She holds an MBL (cum laude), a BCom Honours (Economics) and an LLB from Unisa.
Chapter 1 Fundamentals of the financial system
Chapter 2 The South African Reserve Bank
Chapter 3 Banks
Chapter 4 Microfinance institutions
Chapter 5 Regulation of the financial markets
Chapter 6 Insurers
Chapter 7 Retirement funds
Chapter 8 Investment institutions
Chapter 9 Financial market terminology, technicalities and theories
Chapter 10 The money market
Chapter 11 The bond market
Chapter 12 The equity market
Chapter 13 The derivatives market
Chapter 14 The foreign exchange market
Chapter 15 The commodities market
Chapter 16 The credit market
Chapter 17 The impact of economic indicators on financial markets
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