Lyle Horsley, head of fintech at the Reserve Bank, tells the TechCentral Show about the G20 TechSprint and other initiatives being spearheaded under the G20 banner.
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Crypto exchange Luno says this classification will lead to increased institutional investment and greater tax collection.
DA federal chair Helen Zille is bullish about bitcoin but has said it shouldn’t be used in South Africa’s strategic reserve.
Inflation came in lower than expected for December, with another interest rate cut next week now seen as likely.
Instant payments are key to growing the regional economy, but the use of the US dollar adds unnecessary costs.
The Reserve Bank is working to drive financial inclusion by digitising cash and making instant payments across borders an everyday reality.
The annual inflation rate slowed sharply to 2.8% in October, data showed on Wednesday.
FNB now facilitates real-time cross border payments in South Africa, Namibia, Lesotho and Eswatini.
South Africa plans to create unique identities for its citizens and issue instant visas as it digitises its economy.
The rand has further room to strengthen if government pushes ahead with reforms: Reserve Bank’s Lesetja Kganyago.