The nonperforming loans to total gross loans ratio in South Africa rose to 4.48 units in 2023. From 2013 to 2017, the ratio generally decreased, reaching a low of 2.84, then fluctuated and surged significantly to 5.18 in 2020, likely due to the economic impacts of COVID-19. Following 2020, the ratio steadily declined again, stabilizing around 4.5 from 2023 onwards. The year-on-year percentage change for 2021 was -14.08% and 0.45% for 2022. The forecasted 5-year CAGR for this period is 0.09%.
Future trends to watch for include potential economic disruptions impacting nonperforming loans and changes in regulatory frameworks influencing lending practices and bank risk management.
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