South Africans’ heavy reliance on cash, instead of using advanced digital payment rails, costs the economy more than R30-billion/year. This is according to Tim Masela, head of the National Payments System at the Reserve Bank, whose commentary in the Payments Association of South Africa’s (Pasa’s) annual report notes that positive strides taken to digitise the…
A World Bank-linked climate fund has backed South African plans to cut the country’s reliance on coal, unlocking up to US$2.6-billion (R46.8-billion) in financing and giving the nation’s energy transition an unexpected boost. The approval of the updated plan by the Climate Investment Funds, which was stalled after South Africa last year asked to delay…
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