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#sarb — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #sarb, aggregated by home.social.

  1. South Africa’s Finance Chief Hands Crypto Rulebook to SARB, Big Changes Ahead for Exchanges - TLDR:

    SARB will publish new rules on cross-border crypto transfers by year-end, says Fin... - blockonomi.com/south-africas-f #financialintelligencecentreact #regulation #faisact #crypto #casp #fsca #sarb

  2. 「SA’s foreign investment story is better than you think

    #SouthAfrica has seen a net FDI inflow (inflows minus outflows) every year since 2018, says PwC’s April Economic Outlook bulletin.

    “This may come as a surprise to some considering the country’s economic challenges and obstacles faced by private business. Many would expect that outflows would overshadow inflows. However, data from the #SouthAfricanReserveBank (#Sarb) shows that the country’s net #FDI flows averaged R58 billion per annum after the global financial crisis when excluding 2021.”

    [...]

    South Africans have a generally negative view of public #governance and #ServiceDelivery, but the country does better than many think on objective measures such as the #WorldBank’s Worldwide Governance Indicators (WGIs), which measures six factors, such as regulatory quality, rule of law, control of #corruption and government effectiveness for more than 200 countries. SA ranks about midway in the WGI ranking.

    Because South Africans have witnessed a decline in the quality of public services, many assume the country underperforms its peers. This is a narrow view.

    Being a middle-of-the-pack performance rather than something more dismal accounts to a large extent for the moderately positive view of the country’s governance held by foreign investors.」

    moneyweb.co.za/news/economy/sa

    #GoodNews

  3. „it would be a drastic step to exclude #SouthAfrica from those monetary mechanisms.
    Yet, #Sarb believes the threat cannot be ignored. […] our ongoing implosion will accelerate by orders of magnitude and our #rand could soon start to resemble the Zimbabwe dollar, which is almost worthless […]
    Yet, for our #ANC masters, loyalty is something you put above the welfare of your people. […] because when it comes to ANC priorities, ordinary people don’t make it on to the list.“
    citizen.co.za/news/opinion/put