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Big payment changes in South Africa are coming | SA News

Staff Writer
 ·12 Jun 2025

The South African Reserve Bank (SARB) is in the process of making significant changes to the country’s payment landscape and is proposing two new policies as an interim step.

The prosals have broad definitions of payment activity, and any non-bank businesses with some sort of transfer facilities (like e-wallets, for example) could be caught in the net.

Legal experts have warned these businesses to familiarise themselves with the coming changes to determine whether they are impacted or not.

The Reserve Bank has committed to…

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  1. Fun South African Fact: An approximate of 20% of the world’s gold is mined in South Africa.