As public finances begin to steady, a digital backbone for future growth is taking shape in South Africa.
Browsing: Lesetja Kganyago
The Reserve Bank has released a position paper outlining how it intends modernising the payments ecosystem.
Montegray Capital chairman Michael Jordaan said this week that South Africa has more important short-term priorities.
DA federal chair Helen Zille is bullish about bitcoin but has said it shouldn’t be used in South Africa’s strategic reserve.
“Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why bitcoin?” the Reserve Bank governor said.
The rand has further room to strengthen if government pushes ahead with reforms: Reserve Bank’s Lesetja Kganyago.
The South African Reserve Bank cut its main interest rate for the first time in more than four years on Thursday.
The rand strengthened to a 13-month high on Friday, supported by improved investor sentiment.
Every government should adopt evidence-based policies – and no good case has been built for the assumptions in the IRP 2023.
The rand weakened in early trade on Thursday, nearing the R19.50/$ mark – close to a record low.