The South African National Consumer Commission (NCC) has initiated a formal probe into e-commerce giants Temu and Shein, alleging non-compliance with the Consumer Protection Act. The investigation will […]
Wise Secures Approval to Launch in South Africa, Revolutionizing Cross-Border Money Transfers
UK fintech company Wise has received conditional approval from the South African Reserve Bank to launch operations in the country, setting the stage for its first foray into […]
South Africa Holds Off on Retail CBDCs, Focusing on Wholesale Digital Currency Development
South Africa has decided to postpone the development of a retail central bank digital currency (CBDC) due to robust existing payment systems and ongoing global shifts in financial […]
South Africa Delays Retail Central Bank Digital Currency (CBDC) Launch
The South African Reserve Bank (SARB) has announced a delay in the development of a retail Central Bank Digital Currency (CBDC). Despite its technical feasibility, the SARB sees […]
South Africa Prioritizes Payments Over CBDC: Modernization Takes Center Stage
The South African Reserve Bank (SARB) has announced a shift in priorities, focusing on upgrading its existing payment systems rather than launching a consumer-facing central bank digital currency […]
South Africa Delays Retail CBDC Plans While Focus Shifts to Modernization of Payment Systems
South Africa has paused its plans for a retail Central Bank Digital Currency (CBDC). This decision prioritizes upgrades to existing payment systems, which the bank sees as offering […]
Bolt Celebrates Over 400 Million Trips in South Africa: Reaches New Heights with Expansion
Bolt, the leading ride-hailing platform, recently reached a significant milestone, completing over 400 million trips since launching in South Africa in 2016. This accomplishment solidifies Bolt’s position as […]
SARB Holds Back on Retail CBDCs in South Africa, Focuses on Modernizing Payment Systems
The South African Reserve Bank (SARB) has concluded that while a consumer-facing central bank digital currency (CBDC) is technically possible and could support long-term innovation, there’s no immediate […]
South African Reserve Bank Identifies Crypto Assets as Financial Risks
The South African Reserve Bank (SARB) recently released its second financial stability report of the year, highlighting crypto assets and stablecoins as emerging risks to the country’s financial […]
South Africa Delays Retail CBDC Implementation: Focus on Wholesale Solutions
In a significant move within the cryptocurrency landscape, the South African Reserve Bank (SARB) has announced it will delay the implementation of a retail central bank digital currency […]
South Africa’s Reserve Bank Prioritizes Modern Payment System Over CBDC Launch
The South African Reserve Bank (SARB) is prioritizing modernization of the nation’s payment system over a potential central bank digital currency (CBDC) rollout in the near term. As […]
South Africa Prioritizes Modern Payment Infrastructure Over CBDC Launch
The South African Reserve Bank (SARB) has ruled out the need for a retail Central Bank Digital Currency (CBDC) at this time, opting instead to focus on modernizing […]
South Africa Delays Central Bank Digital Currency Implementation
The South African Reserve Bank (SARB) has ruled out the immediate adoption of a retail central bank digital currency (CBDC). Instead, they advocate focusing on modernizing existing payment […]
Stablecoin Surge Threatens South African FX Controls
South Africa is raising alarms over the rapid rise of stablecoins, as traders increasingly move away from volatile cryptocurrencies like Bitcoin to dollar-pegged digital tokens that bypass traditional […]
South Africa Raises Concerns About Crypto’s Stability Risk
South Africa’s central bank has highlighted the potential financial and regulatory risks associated with rapid crypto and stablecoin growth. The 2025 Financial Stability Report issued by the South […]