South Africa’s largest banks have successfully swapped an asset via a blockchain network, set up among themselves. The banks – Absa, Investec, Nedbank, Rand Merchant Bank/First National Bank and Standard Bank
Browsing: South African Reserve Bank
South African Reserve Bank governor Lesetja Kganyago has expressed openness to blockchain technologies which underlie cryptocurrencies like bitcoin. Blockchain technology acts as a digital distributed ledger
The South African Reserve Bank said the way the country’s welfare grants are paid out may have resulted in Net1 UEPS Technologies having a conflict of interest as the company has the contract to make the payments and
South African inflation slowed for a third consecutive month in May, giving the Reserve Bank room to continue the pause in its interest-rate increase cycle. The inflation rate fell to 6,1% from 6,2% a month earlier, Statistics South Africa said
South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the
South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced an expected 25 basis point hike in interest rates to 7% to help keep inflation in check. This was after the Sarb’s monetary policy committee decided to hike the repo rate by 50
Consumer price inflation has breached the upper limit of the South African Reserve Bank’s target range by accelerating to 6,2% year on year in January 2016. The consensus forecast for headline CPI, which includes the volatile food and
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A R250,5m exit levy charged to billionaire Mark Shuttleworth when he transferred his assets out of South Africa in 2009 was “not inconsistent with the constitution”. This is according to a judgment handed down
Billionaire Mark Shuttleworth has lost a battle in the constitutional court with the South African Reserve Bank over a R250,5m levy dispute. Last year, the supreme court of appeal