The aggressive interest rate hikes reveals cracks in the banking sector.

VAAL TRIANGLE - The banking sector faces risks due to the ongoing global monetary policy tightening aimed at curbing inflation. Experts have cautioned that the aggressive interest rate hikes are beginning to affect banks and are revealing cracks in the system. Foord Asset Management’s portfolio manager, Rashaad Tayob, says the crisis is slightly different from what was experienced in 2008.