·15 Dec 2025
South Africa’s central bank plans the biggest overhaul of the nation’s cash system in decades, moving to create a cash-management company, roll out white-label ATMs and tighten oversight of how money circulates to make it cheaper and easier to access.
Cash moving through Africa’s biggest economy tops R180 billion, or 2.5% of gross domestic product, and accounts for about two-thirds of all transaction volumes even as digital payments grow.
Managing, transporting and securing physical money cost about R90 billion last year, a burden…
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