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What if South Africa’s access to SWIFT is threatened? | SA News

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How serious is the threat of South Africa being cut off from the global banking SWIFT system?

The SA Reserve Bank says the risk is to certain individuals rather than the country as a whole, but the possibility was serious enough to attract the attention of Finance Minister Enoch Godongwana, who reportedly raised this very concern in a [recent] closed-door meeting with the banks.

Read: SA treasury, banks fear SWIFT loss, Sowetan says
Listen/read: What happens if SA loses access to the Swift payments network?

The SWIFT [Society for Worldwide Interbank Financial Telecommunication] system is the lifeblood of…

Longest Wine Route: The Cape Winelands is home to the longest wine route in
the world, with numerous vineyards and wine estates.

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