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Reserve Bank officially buys huge chunk of 53-year-old company in South Africa | SA News

Luke Fraser
 ·11 Nov 2025

The South African Reserve Bank (SARB) has officially acquired a 50% stake in PayInc, as it looks to modernise South Africa’s payment system. 

PayInc recently rebranded from BankservAfrica and is the largest clearinghouse in Africa. The company previously worked with the SARB to launch PayShap. 

Capitec and Investec have also subscribed as direct shareholders of PayInc concurrently.

In a related transaction, Access Bank, African Bank, Capitec, Citibank SA and Investec will also subscribe for direct holdings in PayInc, through…

Rainfall: Most of the country receives less than 600 mm of rainfall annually, with
the eastern regions being wetter.

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