Question

How does the financial sector contributes in the south African economy

Answer 1

Explanation:

The financial sector mobilizes savings and allocates credit across space and time. ... An efficient financial sector reduces the cost and risk of producing and trading goods and services and thus makes an important contribution to raising the standard of living

Answer 2

Answer -

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• Thirdly, the financial sector makes a direct contribution to the economy in terms of its value-added contribution to GDP, employment and taxation paid. In 1997, South Africa's financial sector contributed R95 billion or 16 percent, to GDP, and employed 221 000 people.

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