South African Reserve Bank

SARB's blockchain project gets global recognition

Central Banking Publications recognises Project Khokha for its promise shown in the central banking, regulatory and supervisory environment.


SARB lauds blockchain project though it won't go live

The central bank says there are still many issues to consider before the decision to adopt a distributed ledger tech-based system is taken.

Jun 5, 2018

SARB blockchain project successful

The South African Reserve Bank releases a report showing an internal experiment with blockchain technology was successful.


Disrupting the disrupted

In the fintech and crypto-currency industry, rapid innovation punishes those who wait, says Seshree Govender, associate at Webber Wentzel.

Feb 21, 2018

Budget: Govt backs digital banking services

The South African government throws its weight behind banking entrants that harness the power of technology and bring innovation into the financial sector.

Feb 14, 2018

Bring on regulation, say SA fintech players

Fintech is an enabler, not a threat, to make financial services more relevant to a changing society, says an insider.


SARB to investigate emerging fintech

The South African Reserve Bank has established a fintech programme to assess the emergence of new technologies, including crypto-currency, and to consider its regulatory implications.

Jan 16, 2018

Michael Jordaan in new banking venture

The tech entrepreneur will launch Bank Zero, an app-driven bank, later this year.


Mama Money simplifies FICA registration with a selfie

The newly introduced service allows users to register online and then take a selfie holding either their ID or passport documents.

Sep 6, 2017

TerraPay to launch cross-border money transfers in SA

The company obtains approval from the SA Reserve Bank to offer cross-border money transfer services.

Aug 22, 2017

Virtual currencies are too risky, says Reserve Bank

Although virtual currencies are gaining popularity, it's still too risky to start issuing them, says the central bank.


Relaxations to IP Exchange Controls and Loop Structures

The SARB has implemented amendments to the Currency and Exchanges Manual for Authorised Dealers (Exchange Control Manual), says Webber Wentzel.