The South African banking and finance sector has not escaped the effects of the economic and political turmoilcurrently gripping the country, despite its worldwide reputation for its strong regulatory infrastructure and relatively robustfundamentals. In 2017, we estimate that the sector's net value added (NVA) grew 6.0% in local currency terms to ZAR3957n, but therecovery in the value of the rand means that in US dollar terms it grew by 16.7% to USD29.8bn. A decline in rand value in2018 could see the sector grow by just 2.5% in USD terms, even though in local currency it will rise 7.4% to ZAR426.8bn(USD32.4bn). By 2027, the size of the sector's NVA is forecast to reach ZAR856.6bn (USD50bn) with positive growth ratesthroughout the forecast period. As a result, it will eclipse regional peers with South Africa set to retain its status as sub-SaharanAfrica's largest financial market.