South Africa a step closer to getting a national payments utility

South Africa a step closer to getting a national payments utility

The Competition Commission has recommended that the Competition Tribunal approve the South African Reserve Bank’s proposed acquisition control of BankservAfrica – and has done so without attaching any conditions. The transaction will see the central bank take sole ownership of the payments clearing house, which plays a critical role in processing interbank transactions. BankservAfrica is…

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Africa: The African Court On Human and Peoples’ Rights to Convene the 78th Ordinary Session of the Court, 1-26 September 2025

Africa: The African Court On Human and Peoples’ Rights to Convene the 78th Ordinary Session of the Court, 1-26 September 2025

Arusha — A key highlight of the Session is the Conference on “Enhancing Women’s Engagement with the Procedures of the African Court” to be held from 3-4 September 2025 at the Seat of the Court in Arusha, United Republic of Tanzania. The Conference will bring together Counsel on the Court’s Roster, Bar Associations and Law…

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SA sees uptick in AI-based fraud schemes

SA sees uptick in AI-based fraud schemes

Fraudsters are using AI to create scams that appear more legitimate and convincing. South Africa is witnessing an increase in artificial intelligence (AI)-based fraud schemes, and the threat is set to continue. This is according to the South African Banking Risk Information Centre (SABRIC), which today released its Annual Crime Statistics for 2024. The report…

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Africa: Afreximbank’s A-/Stable Rating Confirmed by Japan’s Credit Rating Agency

Africa: Afreximbank’s A-/Stable Rating Confirmed by Japan’s Credit Rating Agency

Japan Credit Rating Agency, Ltd. (JCR) has affirmed African Export-Import Bank’s (Afreximbank) A- issuer credit rating with a stable outlook. The rating reflects JCR’s assessment of Afreximbank’s strong strategic positioning, robust risk management framework, consistent profitability, prudent liquidity policies and resilient capital base. JCR also noted the Bank’s important role in supporting trade finance and…

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