Characterising cycles exhibited by important financial sections in the South African economy

Abstract: Orientation: The 2007–2008 global financial crisis caused negative spillovers to the real economy of the United States as well as other economies across the world. Research purpose: The main aim of this article is to determine the cyclical characteristics of important South African financial sections. Motivation for the study: Financial cycles are complex, making them hard to measure and understand. This, in turn, makes financial cycles and the effect of fluctuations in financial cycles hard to predict and manage..