Roads to prosperity? Sandton is the hub of South Africa's financial industry Most economists would agree that a growing economy requires a well-functioning financial system that is able to move capital between its owners and those who need it. The larger the financial sector, the argument goes, the more likely it is that capital will be efficiently allocated, and the better for the economy. Of course, the same is true for other intermediate services, from law and consulting to auditing and marketing, which performs intermediate services that helps firms to specialise, and flourish.
Is our financial sector too big?
Is our financial sector too big?
Is our financial sector too big?
Roads to prosperity? Sandton is the hub of South Africa's financial industry Most economists would agree that a growing economy requires a well-functioning financial system that is able to move capital between its owners and those who need it. The larger the financial sector, the argument goes, the more likely it is that capital will be efficiently allocated, and the better for the economy. Of course, the same is true for other intermediate services, from law and consulting to auditing and marketing, which performs intermediate services that helps firms to specialise, and flourish.