Regulatory
South Africa introduces new regulations on moving assets overseas
Under the previous system, any individual could use their foreign investment allowance to transfer up to a total of ZAR10 million a year ...
News
SA: Following greylisting wakeup call, SA seeks to revamp its financial services regulations
On February 24, the international financial crime watchdog, the Financial Action Task Force (FATF), announced that South Africa has been added to its “grey list”. ...
News
South Africa: Reserve Bank launches new South African banknotes and coins
The country has a new set of banknotes and coins. The Reserve Bank says the currency continues to celebrate our heritage. The upgraded ...
News
Seychelles and South Africa top African blockchain funding list in 2022
The year 2022 was a unique year for the blockchain industry in Africa as more funds were raised between Q1 and Q4 of ...
News
South Africa: Postbank Introduces New Cardless Payment for Social Grants
But concern raised about how Postbank will handle these new payment methods Postbank has introduced a new cardless payment for social grant beneficiaries ...
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South Africa: Roqqu receives regulatory approval to operate in South Africa
Roqqu, Nigeria’s largest cryptocurrency exchange, receives regulatory approval to operate in South Africa and hence its users will now be able to deposit ...
News
South Africa: Cassava Technologies to invest $250 million in new digital projects in South Africa
The South African digital sector will undergo profound changes in the coming months. After Amazon’s commitment to invest in technological services, it is ...
News
South Africa: Staff at Standard Bank, Absa and Sasfin implicated in money laundering
Sasfin told Al Jazeera it was taking vigorous action against suspended and former employees and clients of its foreign exchange unit. Photo: Supplied ...
South Africa
South Africa: South Africa’s Second Largest Online Payment Gateway, Peach Payments, Secures $31 Million in Series A Funding
Peach Payments, a fintech startup from South Africa, has secured $31 million in Series A funding led by Apis Partners, with the aim ...
News
South Africa: A study says that 28% of South Africans don’t have access to the internet.
The Digital 2023: South Africa study from DataPortal says that more than a quarter of the country’s people still can’t get online. At the ...