S&P sees South Africa's banks up against growing credit risks

South Africa's banks will find it tougher to turn a profit as the economy remains feeble for the next few years and credit risks rise, credit ratings agency Standard & Poor's said on Thursday. Consumers, squeezed by rising interest rates, unemployment of around 25 percent and high debt levels, are a growing headache for lenders in Africa's most advanced economy which is forecast by the government to grow by only 0.9 percent this year after expanding by 1.3 percent in 2015. Lending to corpora