Johannesburg - The National Economic Development and Labour Council (Nedlac) and the Chief Executive Officers of the country's four biggest banks met on Monday to discuss the global financial crisis.
The meeting, which was chaired by Economic Development Minister Ebrahim Patel, was also attended by the Banking Association South Africa.
According Nedlac, the issues discussed at the meeting included various types of guarantees for lending and forms of risk sharing between the public and private sectors.
The need to ensure more effective engagement between debtors and financial institutions was also discussed.
"The meeting agreed that these proposals will be pursued intensively over the next three weeks to achieve resolution on viable strategies.
"It is planned to report to the President on the outcome of these and other initiatives as soon as possible," Nedlac said.
