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For the Future of Globalization, Look to South Africa?

If there is to be growth in the banking industry, it probably is going to depend largely on the ability of financial institutions to compete profitably and securely in emerging markets.

If there is to be growth in the banking industry, it probably is going to depend largely on the ability of financial institutions to compete profitably and securely in emerging markets.While South Africa is not included in the BRIC (Brazil, Russia, India, China) acronym that is enticing many companies, it represents the promise -- and risk -- of the African market. In this video from CNBC, Jacko Maree, CEO of Standard Bank, South Africa's largest financial institution, discusses these opportunities and limitations. "We have to grow outside our home base," Maree explains. "We aspire to be a real player in the emerging markets." To hear more of Maree's insights, check out the video:

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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