JOHANNESBURG, April 6 South African banks are
adequately capitalised to deal with effects of a sub-investment
credit rating, the central bank said on Thursday, after S&P
downgraded several major financial institutions to junk status.
"The resilience of the banks stems from the high capital
buffers that prevail in the South African banking system," the
bank said in a statement.
"Overall, the South African financial system remains
healthy, robust and resilient despite some headwinds caused by
elevated levels of domestic economic, financial and political
events, as well as global financial market volatility."
(Reporting by Olivia Kumwenda-Mtambo; Editing by James