
How close is South Africa to a digital rand?
While research into a retail CBDC continues, the SARB believes modernising the payment infrastructure will deliver greater near-term benefits.

While research into a retail CBDC continues, the SARB believes modernising the payment infrastructure will deliver greater near-term benefits.

South Africa has a two-year window to leverage FATF delisting and integrate with PAPSS, unlocking faster, cheaper cross-border payments – or risk missing the opportunity.

While South Africa is on track to exit the grey list by October, National Treasury emphasises the importance of long-term improvements and continuous progress in financial regulation.