A fourth straight month of accelerating prices has put the Reserve Bank’s 3% target far from reach.
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360Wallet owner has claimed that South Africa’s biggest banks are blocking its cardless cash withdrawal technology.
Standard Bank has become the first African-based lender authorised to clear renminbi transactions on the continent.
Inflation hit 4% in April as the Iran war lifted fuel costs, prompting the Reserve Bank to tighten monetary policy.
The Reserve Bank has lifted the repo rate by 25 basis points to 7%, citing a sharp jump in fuel prices.
Anthropic will brief central bankers around the world on cyber vulnerabilities its new Mythos model has uncovered.
The Reserve Bank held its repo rate at 6.75% as the Iran war threatens to push inflation sharply higher.
A sharply weaker rand and surging global chip prices are set to push tech costs sharply higher in South Africa.
The rand has tumbled below R16.90/$ as investors dump risk assets amid the unfolding crisis in the Middle East.
As public finances begin to steady, a digital backbone for future growth is taking shape in South Africa.