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SA Reserve Bank Confirms Banks Can Work With Crypto Exchanges

The South African Reserve Bank’s (SARB) Prudential Authority this week has reportedly issued guidance to confirm that banks in the country can work with crypto exchanges. This is according to the international crypto exchange Luno. Marius Reitz, GM for Africa...

SA Regulator Flags Crowd1 as Suspected Pyramid Scheme

South African financial regulators have been taking a renewed critical look at Crowd1 - a  nebulous, highly controversial and popular Spanish (or Russian) company that claims to be a networking marketing firm, among other things. Crowd1 has already been...

Cryptocurrencies: 2019 in review

The world of crypto in 2019 has brought more price fluctuation, many announcements that indicate cryptocurrency is becoming increasingly mainstream and tighter regulatory scrutiny. As the globe moves towards a new financial system, cryptocurrency ownership has grown this year...

South African Reserve Bank currency mobile app receives global recognition

A mobile app developed for the Reserve Bank has won an International Association of Currency Affairs Award. Shortlisted amongst digital banking platforms from the Bank of Canada and the Reserve Bank of Australia, the South African Reserve Bank (SARB)...

South Africa needs an independent, high-tech Reserve Bank

Lower costs and better access to investment are fundamental for growth and jobs. Those advantages become reality when you apply the appropriate technologies. But technology can be risky and everyone prefers a stable hand to help guide the process....

The SARB will be launching Nelson Mandela commemorative banknotes and coin

In celebration of the first democratically elected president Nelson Mandela’s birth centenary, the South African Reserve Bank (SARB) will be launching its first commemorative banknote series. These notes will cover all denominations – R10, R20, R50, R100 and R200. As part of...

South African Reserve Bank’s fintech Programme to asses emerging innovations

The South African Reserve Bank (SARB) has established the Financial Technology (fintech) Programme which aims to strategically assess the emergence of fintech in a structured and organised manner and to consider its regulatory implications. The main goal of the programme...

Regulating virtual currencies in South Africa

The provision of banking and financial services in South Africa is a highly regulated activity and the revolutionary Fintech (financial technology) is posing a significant challenge to the current regulatory framework. The challenge has been acknowledged by the South...

Shuttleworth wins R250m court battle against Sarb

Mark Shuttleworth, a South African born IT Billionaire, has won his long standing court battle against the South African Reserve Bank (Sarb). Shuttleworth has been awarded R250m by the court of appeal. The court battle began when Shuttleworth attempted to...
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Latest News

E- Tolls Dead, Tech lives on

E-Tolls Officially Abolished: South Africa E-tolls in Gauteng, South Africa are now officially gone. Last night at 12am all systems...
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