SARB says systemic risk to country's financial stability remains elevated

South Africa's central bank has warned that systemic risk to the country's financial stability has remained elevated, notably due to the government's increasing debt levels and debt-servicing costs, as well as the impact of being put on a "grey list". The South African Reserve Bank (SARB) said in its biannual health check on Wednesday that the risk has remained elevated since the release of the May report.