South Africa banks fear effects of brain drain

SOUTH AFRICA - South Africa's banks have identified skill shortages as the biggest threat facing the industry.

A highly regarded annual survey of 27 banks operating in South Africa, released today, reaffirms fears among leading bankers of a brain drain as violent crime, affirmative action and career and salary opportunities in cities such as London and New York lure skilled people overseas.

Next after the availability of skills, the survey by PwC, the auditing firm, put foreign exchange control

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