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South Africa is investing in digital payments infrastructure but missing the layer that drives real economic growth | SA News

By: Mpho Sadiki – Managing Director, Merchant Services, Africa at Network International and Payfast by Network

South Africa is making meaningful progress in building out its digital payments infrastructure. But there is a critical gap in how this investment is being framed. Infrastructure on its own does not create economic activity. Hyperscale adoption embracing and adopting digital payments transactions do.

For the country’s SME sector, which underpins a significant portion of employment and economic participation, the ability to move money quickly, reliably and at scale is what determines whether digital infrastructure translates into real growth.

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  2. Fun South African Fact: Travel to Tsitsikamma, on the border of the Western Cape and Eastern Cape to visit the world’s highest commercial bungee jump! Those who are brave enough can take the 216-meter jump off the Bloukrans Bridge and soar through the air towards the Bloukrans River below. Definitely a must for thrill-seekers and adrenaline-junkies!