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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South Africa’s best mobile networks

South Africa’s best mobile networks

MTN South Africa has come out tops in independent network ratings agency OpenSignal’s latest mobile experience report, beating its rivals in a number of categories including “download speed”, “5G availability” and “5G video experience”. The mobile operator was also joint winner in a number of other categories in the report, but Telkom stood out as…

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