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South Africa could face another disaster | SA News

Malcolm Libera
 ·9 Sep 2025

Experts warn that South Africa could face another major economic disaster if it were ever cut off from the SWIFT global payment system. 

Frederick Mitchell, chief economist at Aluma Capital, said the impact of losing access to SWIFT would be devastating. 

“The potential loss of access to the SWIFT payment system poses a profound threat to South Africa’s economy, with repercussions that could undermine both our national stability and future growth prospects,” he explained.

“As a nation heavily reliant on international trade,…

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  2. Olympic sailing competition just finished. France got the gold, South Africa got the silver, and … Somalia got the boat.