pan african payment and settlement systemlatest news & developments
The country’s financial systems, especially international transfers, must be fit for purpose in the digital age. Photo: File

Greylisting isn’t the only test of South Africa’s financial system

With a review imminent, the country faces more than the risk of remaining greylisted. Outdated, costly global money transfers are undermining competitiveness, increasing trade risks and deterring investment

5 min read
The Pan-African Payment and Settlement System seeks to liberate the continent from the dollar without waiting for a common currency – but there are hurdles to overcome. File photo

Can Africa trade without the dollar?

If Africa can trade with itself, on its own terms, in its own currencies, it could rewrite the rules of global commerce

8 min read