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.
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A new report proves what everybody already knows: businesses cannot operate without electricity and without operating businesses the economy cannot grow.
African central banks are working to link the continent’s major cross-border payment systems as plans to create the world’s largest free-trade zone gain momentum.
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.
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Regulation can help customers and existing financial institutions gain more comfort in cryptocurrencies and drive the adoption of bitcoin. By Angus Brown.
As crypto assets such as bitcoin continue to enjoy popularity among speculative investors, the South African Reserve Bank has kick-started the process for “light regulation” of these products.
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
South Africa’s central bank chooses to call digital currencies such as bitcoin “cyber-tokens” because they don’t meet the requirements to be classified as money. “We don’t use the term ‘cryptocurrency’ because it doesn’t
South Africa’s inflation rate slowed in January, easing pressure on the central bank to maintain a tight monetary stance. Inflation slowed to 4.4% from 4.7% in December, Statistics South Africa said Wednesday in