Lafferty explains secrets of S’African banks’ success

South African banks are very different from banks in many other countries, Lafferty group CEO Michael Lafferty, has said. In an interview with the online news medium, “Fin24” he stated that one of the key factors setting South African banks apart from, for instance banks in Europe – where states have had to bail out banks – is that local banks in the former won’t be turning to government for help. Lafferty, who was commenting on the Lafferty Group’s 2017 Global Bank Quality Benchmarking study, in which South Africa’s banks…

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