South Africa’s economy could contract by between 2% and 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank.
A new report proves what everybody already knows: businesses cannot operate without electricity and without operating businesses the economy cannot grow.
Removing policy uncertainty in South Africa, allocating new broadband spectrum and changing visa regulations could immediately boost the country’s flagging economy, Reserve Bank deputy governor Kuben Naidoo said.
The South African Reserve Bank, through its fintech unit, has successfully demonstrated a real-world trial of a distributed ledger technology-based wholesale payment system. The Bank has released a report on Project