SA has little exposure to Cyprus crisis

Johannesburg - While the European financial crisis has dragged on for longer than expected‚ flows remain good as investors still look favourably on South Africa‚ Deputy Governor of the SA Reserve Bank Lesetja Kganyago says.

He was speaking at the Association for Savings and Investment SA (Asisa) conference in Durban on Thursday.

“Cyprus is a concern‚ but SA institutions have no exposure. Europe is an important trading partner and the crisis impacts exports. As long as there is uncertainty and risk aversion‚ perceptions of investors are affected‚" he told Business Day on the sidelines of the conference.

"But at the moment investors are still looking favourably at us and flows are still good."