It is the second year in a row that the banks have been given this rating.
Lafferty is reported as saying that despite South Africa’s credit rating having been downgraded to junk status by some ratings agencies, it has not affected the standards of the banks
The five South African banks that were part of the study were Capitec, Absa, First Rand, Standard Bank and Nedbank.
Business Day newspaper reports that Capitec bank got a five-star rating and was rated best bank in the world.
He says South African banks are well-respected throughout Africa and the world.
Most European and banks in the US do not score particularly well under Lafferty’s survey because banks in Europe especially have yet to recover properly from the global financial crisis.