The South African Reserve Bank raised its main lending rate by 25 basis points to 3.75% on Thursday, citing increased inflation risks.
Browsing: Reserve Bank
The Bank for International Settlements will test the use of central bank digital currencies with South Africa and other countries in an experiment that could lead to a more efficient global payments platform.
South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams.
South Africa has laid the foundation for finance watchdogs to set crypto-asset controls as the nation seeks to curb growing cases of fraud and improve the management of cross-border flows.
The South African Reserve Bank is studying the benefits of issuing a digital currency for general retail purposes, it said on Tuesday, in line with several other central banks.
The South African Reserve Bank will introduce the Authenticated Collections/DebiCheck project from 1 May 2021 as part of its modernisation of the National Payment System.
Promoted | Block Markets Africa is supporting an investigation by the South African Reserve Bank into the impact and benefit of blockchain technology on the future of financial markets and their systems.
The South African Reserve Bank and industry regulators have warned the public not to use instant electronic funds transfer online payment services as a payment option.
The South African Reserve Bank has announced that cheques will not be supported by the country’s national payment system from 1 January.
South Africa’s economy probably contracted by an annualised 40.1% in the second quarter, according to central bank forecasts.