The Reserve Bank held its repo rate at 6.75% as the Iran war threatens to push inflation sharply higher.
Browsing: South African Reserve Bank
A sharply weaker rand and surging global chip prices are set to push tech costs sharply higher in South Africa.
A new paper by the Reserve Bank argues that South Africa’s market-driven approach to open banking is limiting in its reach.
The rand has tumbled below R16.90/$ as investors dump risk assets amid the unfolding crisis in the Middle East.
As public finances begin to steady, a digital backbone for future growth is taking shape in South Africa.
South Africa is tightening the regulatory net around crypto – this time targeting cross-border capital flows.
The improving currency should help drive down prices for software and hardware, including computers and phones.
Consumers are reshaping online payments as merchants race to meet growing demand for flexible digital options.
PayShap adoption grows, but inconsistent bank fees and limited access still hinder its inclusion ambitions in South Africa.
The South African Reserve Bank has flagged cryptocurrencies as a possible risk to domestic fiscal stability.