The Situation in South Africa How do these practices in the global financial system impact South Africa? South Africa has one of the most advanced financial systems in the world which is why we survived the global economic crisis better than most developed countries. But this does not mean there is nothing to be concerned about. The fractional reserve system is used extensively in South Africa. According to Russell Lamberti, writing on the blog of the Mises Institute South Africa: “Since 2000, the SARB [South African Reserve Bank] probably printed … Read the full article…